would not have lost more than 600,000 public sector jobs. this isn t just a temporary hiccup, in which you can hold your breath and it all goes away. today s young people who are graduating with record student loan debt totalling more than a trillion dollars. these financial impedestrianments become social impediments, thinking twice about getting married and taking risks. here s the most damaging part of all of this. having the bad luck of graduating into a bad labor market will haunt you for years. one study found that young people who entered the job market during recession not only have lower wages in their first job, but unlucky graduates suffer persistent earning declines lasting ten years which for some can mean a lifetime of reduced overall savings. if you really, sincerely care about children, the most important thing is to get the labor market working.
these financial impedestrianments become social impediments, thinking twice about getting married and taking risks. here s the most damaging part of all of this. having the bad luck of graduating into a bad labor market will haunt you for years. one study found that young people who entered the job market during recession not only have lower wages in their first job, but unlucky graduates suffer persistent earning declines lasting ten years which for some can mean a lifetime of reduced overall savings. if you really, sincerely care about children, the most important thing is to get the labor market working. no more government shutdowns, no more induced crises. if you need a high-minded justification to tell your constituents, tell them the truth. tell them you re doing it for the children.
labor market working. no more government shutdowns, no more induced crises. if you need a high-minded justification to tell your constituents, tell them the truth. tell them you re doing it for the children. is of a better fu, a confident retirement. those dreams, there s just no way we re going to let them die. like they helped millions of others. by listening. planning. working one on one. that s what ameriprise financial does. that s what they can do with you. that s how ameriprise puts more within reach. so hurry in and try three succulent entrées. like our new snow crab and crab butter shrimp, just $14.99. only at red lobster where we sea food differently. [ male announcer ] now try 7 lunch choices at $7.99.
market. we have to have an economy and labor market working for everyone. you saw the fast-food protesters in the streets. a lot of people have been sidelined by this labor market. we want to keep moving forward. we re glad to see the progress we are. we need more and better paying jobs. christine romans, thanks. i want to talk more about that and take a deeper dive on the jobs reports. and we join alan kruger, at the white house this morning. good morning. good morning. car sales are up, home prices are up, jobs are edging back and ben bernanke downgrades our growth to just modest after the fed meeting. what s going on here? is the economy getting better or not? i think it s clear the economy is gradually getting better but we d like to speed up the pace of the improvement. over the last three months we