Unemployment stays at 9.7% - jobless rate holds steady.
At least that is what the headlines read, but did it really? According to the BLS , they sure did, but if you look deeper then the picture is a bit muddied. The following industries either shed jobs or remained steady: - Construction - Information - Transportation and ware-housing - Manufacturing - Retail trade The following industries gained jobs: - Temporary help - Health care - Federal government (15,000 new people for Census work) So the industries that actually produce something tangible and contribute to the productivity of the country are either all stagnant or continuing to shed. Yet the industries that produce nothing but service or rely on shrinking hours are trending up. Not a good trade-off. Losing private sector while gaining public sector jobs should make anyone cringe. Furthermore the trend from full time employees to part time employees or the amount of hours per worker is continuing to deteriorate. BLS will have you believe that it is the fault o