Does Obama want to take credit for this?

With the release of this month’s unemployment report, we now have a chance to take full stock of what happened to the U.S. job market in 2011. In this politically tumultuous year, employment crawled upwards. Slowly.

Overall, total non-farm employment inched higher by roughly 1.6 million jobs, or about 1.3%. The private sector grew modestly. The public sector shrank, also modestly. The United States economy is still about 6 million jobs short of where it was before the beginning of the Great Recession. And while the unemployment rate is down to 8.5% from 9.4%, it’s partly because so many workers have given up on job hunting.

That’s the Cliff’s Notes version. Beneath the headline figures, America’s employment picture is vastly more complicated. If you were a white, or college educated, or in the oil business, odds are you had a fabulous year. For African Americans, high school drop-outs, teachers, and 19-year-olds looking for work, the numbers told a very different story.

Source.

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1 Comment

Filed under Miscellaneous

One response to “Does Obama want to take credit for this?

  1. Ernesto

    “If you were a white, or college educated, or in the oil business, odds are you had a fabulous year. For African Americans, high school drop-outs, teachers, and 19-year-olds looking for work, the numbers told a very different story.”

    Just a thought, but to be fair…when hasn’t this been the case?

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