FED Chairmen Ben Bernake addressed the nation on March 26, 2012 (but do the unemployed people agree with the what he says of unemployment?). Bernake concluded:
“A wide range of indicators suggests that the job market has been improving, which is a welcome development indeed.
Still, conditions remain far from normal, as shown, for example, by the high level of long-term unemployment and the fact that jobs and hours worked remain well below pre-crisis peaks, even without adjusting for growth in the labor force.”
The national unemployment rate stands at 8.3%. But what does Twitter have to say about it?
… “a mark that has barely budged in the past six months,” wrote the Wall Street Journal in “Time Not on the Side of the Jobless.”
Talented hands want to work. Hire! Let’s bring the economy to its FULL Potential.
Unemployment is the great frustration of friction in the labor market. We hear all of these numbers on the news: jobs created, unemployment percentages, payroll increases, jesters without wages, etc. The list goes on. The unemployed are ready and willing to work. They are everyday people, some sharing their thoughts on Twitter.
This Wall Street Journal map uses US Department of Labor Statistics to color code unemployment percentages by state. To see how these percentages (and colors) have changed over the last 3 years, visit the interactive version of this map at the WSJ.