Quick Comments on Unemployment

Today's Labor Stats report shows us that unemployment stayed level at 9.7% today. We have added in March 162,000 jobs. Which is really good. Yet while this is good news, we must remember there is still a reason we stayed at 9.7% and that is we are still losing jobs at a relatively high rate of around 40,000 jobs a month.

This recovery was slow and not done what it was promised. We have not gotten 3 million jobs, the job growth did not happen immediately, but over a year later. Over the year it is important to remember that the work force has shrunk drastically as people under the Obama economy have stopped looking jobs. And lastly unemployment is well over 8%. The stimulus promise by president Obama was that unemployment would not go over 8%.

From these points the stimulus was a failure. It has not worked as planned and in many cases has made things worse. Personal income levels fell by an average of 1.7% last year and in some states hit around 4%.

This report is good news but we still need something to speed up this recover as Americans still are losing jobs and losing income. So let's celebrate this small victory, but then remember we still have a lot of work to do. Remember there was once a time when 4.3% was the unemployment rate. Today it is 9.7%.