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Year since we thought. the unemployment rate was 4.5% before this recession. we still have a lot of work to do. one big problem, many of the jobs coming back are low-wage jobs. largest gains in april were service jobs, retail trade, health care, leisure and hospitality. every job in america is important, but some of these jobs aren t the kinds of jobs you can send your kids to college on. the quality of the jobs we lost higher than the quality of jobs coming back. the real unemployment rate is 13.9%. that real unemployment rate, that represents the total unemployed but part-time workers that want to be working full time but can t find a full time position. the labor force participation rate, the lowest since 1979. mohammed al-arian is ceo of pimco. austin goldspeed, currently an economics professor at the ....
Year than we initially thought. put that in perspective, the unemployment rate was 4.5% before this recession. we still have a lot of work to do. one big problem many of the jobs coming back are low-wage jobs. largest gains in april were service jobs, retail trade, health care, leisure and hospitality. i m telling you, every job in america is important but some of these jobs aren t the jobs you can send your kids to college on. the quality of the jobs we lost higher than the quality of jobs coming back and the real unemployment rate is 13.9%. that real unemployment rate that number represents the total unemployed plus part-time workers who want to be working full time but they can t find a full time position. in fact the labor department, the labor force participation rate right now the lowest since 1979. mohammed el erian, ceo of him co, and austan goolsbee, former chairman of the council of ....