Jobs, Jobs, Jobs: What We Need More Of

We’re highly focused on the issue of jobs, because a real economic recovery cannot happen without Americans producing in the private sector. So it’s troubling news from Gallup that underemployment is still shockingly high:

Gallup explains an important side note: “A rise in the percentage of part-timers wanting to work full time (from 9.2% to 9.9%) is responsible for the March increase in underemployment. Unemployment saw a slight, but insignificant, decline in March.” That doesn’t mean the picture is good, though:

Six in 10 underemployed Americans are not hopeful they will find work or move from part-time to full-time work in the next four weeks. That translates to 12% of the workforce that is both underemployed and not hopeful they will find their desired amount of work.

The Bureau of Labor Statistics put out its own numbers this morning, and here are a few highlights (or lowlights):

  • Employment in federal government was up over the month, reflecting the hiring of
    48,000 temporary workers for the decennial census
  • Manufacturing employment continued to trend up in March (17,000); the industry has
    added 45,000 jobs in the first 3 months of 2010
  • Employment in construction held steady (15,000) in March; The industry had lost an
    average of 72,000 jobs per month in the prior 12 months
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