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Why Job Creation In America Is A Myth

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In President Obama's election debates and his State of the Union address, a key part of the talk focused on getting Americans back to work. Despite what you are sometimes hearing about the improving jobs market, the reality is that jobs remain somewhat scarce.

By the time you read this, you will know what the non-farm payrolls reading is and, by all accounts, it will not be that good for the jobs market. estimates the creation of 185,000 new jobs in March, which would be well below the 236,000 created in February. This is not what we want to see in the jobs market. The unemployment rate is predicted by to nudge up to 7.8%, from the current 7.7%. Again, not great.

In my estimate, the jobs market is moving along, but not at a rate that will lower the unemployment numbers anytime soon.