The Labor Department reported last week that 162,000 jobs were added in March and President Obama speaks on Friday at a town hall meeting at Celgard, an advanced battery technology manufacturer, in Charlotte N.C. saying that these are signs that we may hit the bottom of the recession and on our way to recovery. This is all really good news but we must also take into account that a large portion of the job adds were from the U.S. Census hiring workers. We must also take into account that unemployment still stands at 9.7% and hasn't shown signs of waning. We still have difficulties ahead and should realize that since the recession hit in late 2007, 40% of the people without jobs have been in the situation for more than six months and some 8 million people total have lost thier jobs. Yes the numbers are quite sobering but show a real picture of the current job landscape.
Obama himself has realized these sobering facts as well and actually did a complete flip flop and voiced his support on lifting the ban on southern Atlantic offshore drilling, on the eastern gulf of Mexico and in Alaska. This action shows he see's a direct need to boost manufacturing and decrease independence on foreign oil.
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