My newest Fox News piece starts this way:
Friday’s new job numbers show something workers already knew: they face a very bleak job market. Unfortunately, Americans have been facing tough times for many years now. According to the latest Gallup poll, Obama’s job approval rating on the economy stands atjust 35 percent.
After over four years, this continues to be, by far, the worst recovery on record. And that goes for income as well as for job growth.
Too often the media’s gauge of whether the economy is improving rests solely on the number of jobs created or the unemployment rate. And indeed, 169,000 jobs were added in August, but what is rarely mentioned is that at the same time 204,000 more working age people were added to the workforce.
True, the unemployment rate has also fallen from its peak of 10 percent down to 7.3 percent. But that doesn't mean many new jobs. . . . .
Labels: Economy, op-ed, unemployment