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By Ted Canova
A year ago, I barely paid attention to weekly jobless claims. The storyline went like this: someone loses their job, they file for unemployment, and then they find a new job. But today, with unemployment lasting years for many people, filing for unemployment starts a long and painful road.
The Labor Department reports 397,000 Amer...
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By Ted Canova
Unemployment news is a trigger for me. Since starting JobTalkAmerica, I see the monthly unemployment numbers as a facade. The public sees the scorecard and mainstream media decides if it's "good news" or "bad news." Then national amnesia sets in for the month. During the other 29 or so days, there are millions of ordinary people, through no fault of their own, who struggle with guilt, shame...
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So we all saw the Labor Department’s February unemployment report which hit Friday morning. Overall, there were some good things. Private sector jobs jumped by 192,000. The unemployment rate dropped to 8.9%, the lowest in two years. The jobless rate has also declined for three months in a row. This had some economists (and the Obama White House) crowing that we’ve turned the corner.
Perhaps we have. But I dug a little deeper into the report and I have a few concerns.
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