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.