Igniting the Growth of Jobs
By BOB HERBERT
NYT
San Francisco
Think of this recession as a monstrous hurricane that swept through the job market and is still wreaking havoc. The latest unemployment rate for California is a knee-buckling 12.2 percent, the highest since World War II.
The job market nationwide is the worst it has been in 70 years, noted Robert Reich, the former labor secretary, during one of several conversations that I had with him over the past week. He dismissed the upbeat talk of “green shoots” sprouting in the devastated economic landscape and the dreamy notion that recovery is no longer just around the corner, it’s here.
The economy may have recovered technically, he said, “but this is not a real recovery.”
The Obama administration’s stimulus package has mitigated the damage, but it was not big enough or targeted enough toward job creation to halt the continued hemorrhaging in employment. (Incredibly, some 40,000 teachers have lost their jobs over the past year, according to the Center for Economic and Policy Research.)
(Original here.)
NYT
San Francisco
Think of this recession as a monstrous hurricane that swept through the job market and is still wreaking havoc. The latest unemployment rate for California is a knee-buckling 12.2 percent, the highest since World War II.
The job market nationwide is the worst it has been in 70 years, noted Robert Reich, the former labor secretary, during one of several conversations that I had with him over the past week. He dismissed the upbeat talk of “green shoots” sprouting in the devastated economic landscape and the dreamy notion that recovery is no longer just around the corner, it’s here.
The economy may have recovered technically, he said, “but this is not a real recovery.”
The Obama administration’s stimulus package has mitigated the damage, but it was not big enough or targeted enough toward job creation to halt the continued hemorrhaging in employment. (Incredibly, some 40,000 teachers have lost their jobs over the past year, according to the Center for Economic and Policy Research.)
(Original here.)
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