US Economy adds 192,000 jobs, Unemployment Rate 6.7 %

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The U.S. economy added 192,000 jobs in March, according to the Labor Department. The employment rate remains at 6.7 percent. Analysts had expected a net gain of 200,000 jobs with the unemployment rate decreasing to 6.6 percent.

Although there has been a steady growth in jobs, the data shows that the recovery is still sluggish. With moderate gain, the unemployment rate for women increased to 6.2 percent, while men decreased to 6.2 percent. The rates for teenagers is 20.9 percent, whites 5.8 percent, blacks 12.4 percent, and Hispanics 7.9 percent and showed little or no change. The jobless rate for Asians was 5.4 percent, with little change from a year earlier.

While long term unemployed, which account for 35 percent of the unemployed remained at 3.7 million, it showed little change in March. The labor force participation is at 63.7 percent. Part time workers are at 7.4 million. These people work part time because of cut back of hours or the individuals were unable to find full time work.

In March employment grew in professional, business services, healthcare, mining and logging.

The bottom line is that there has been moderate growth over the year. The administration will tout the latest figures, but it won’t mention that dismal unemployment figures among the young, blacks and hispanics.

As a comparison, in Canada with a population of 10 percent compared to the US, 42,000 jobs were added and the unemployment rate is down to 6.9 percent.

The economy is full of young college graduates with little prospects of finding a job. Many of them have liberal arts degrees and lack the skill or experience to be offered jobs. Obama’s pay equality lines will not help them to get entry jobs.

President Obama has to make the economy his priority and quit chasing his partisan ideology.

About the Author

Karl Gotthardt - Politisite Managing Editor Maj. Gotthardt is a Retired Military Officer with 35 years service in the Canadian Armed Forces. He spent most of his time in the Military in Infantry Battalions. Karl took part in training for Afghanistan as an Operator Analyst with the Canadian Maneouvre Training Centre. Karl is a qualified military parachutist and military free fall parachutist. He earned his U.S. Master Jump Wings in Fort Benning, Georgia. Karl enjoys working with horses for the last 24 year. He owns six. He has experience in breeding, training and of course riding.Karl was born in Germany and is fluent in both English and German and he speaks enough French to "get in trouble". Karl has written or writes at NowPublic, All Voices, Tek Journalism and many others.

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