OK, it’s from the Washington Post and, yes, job growth typically lags a recovery, but read this:
“The economy grew at a remarkable 8.3 percent annual rate in the third quarter of 2003, but by October, there were 2.8 unemployed people for every job opening, up from 2.51 a year earlier and 2.25 in 2001, according to the Economic Policy Institute. Unemployment rates for managers and professionals stayed steady last year, at just under 3 percent.
“But jobless rates have risen steadily for lower-paid service occupations, from 6.4 percent in 2001 to 6.6 percent in 2002 to 7 percent last year. Unemployment in production and transportation jobs finished the year at 7.2 percent.”
And then ask yourself why George W. Bush is planning to import yet more cheap labor. Any explanations, Mr. President?