New Jobs Bring Out New Job Seekers— and Boost Unemployment
Administration says trend is positive, if counterintuitive
By Harry Kimball, Newser Staff
Posted Apr 5, 2010 9:16 AM CDT
Stafford Muller, left, of Fremont, Calif., gets help with his resume from Janis Barat, right, of Resume Professionals at a career fair put on by National CareerFairs in San Jose, Calif.   (AP Photo)

(Newser) – As the economy generates more jobs, giving hope to previously “discouraged” workers, the jobless rate could actually spike instead of declining, the Washington Post reports. Still, what's happening in the economy is good, the White House says, laying the groundwork for the likelihood that job creation will lag behind a renewed interest among the jobless. In March, 162,000 new jobs were created—but 200,000 more people were looking for them, leaving the unemployment rate at 9.7%.

“Sometimes it's frustrating and the progress doesn't show up immediately in the unemployment rate,” says White House economic adviser Lawrence Summers, “but it's progress nonetheless in giving jobs to people who need them.” The current number of job seekers per job is 5.4, down from 6.2 in November but well above the 2.8 late in 2003, during the last recession. Almost half of the unemployed in America have been out of work for 27 weeks or longer, the Post notes.

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tomodachi
Apr 5, 2010 2:26 PM CDT
And people who hold 4 year degrees are working as Wal-Mart greeters and flipping burgers at McDonalds. Jobs were shuffled on the way down... and yes people got so frustrated from not being able to find ANY job, they stopped looking altogether... until things get better. So guess what? Things are getting better. Job re-shuffling is a common thing in an economic downturn of this size... and just as common is the re-shuffling of employment on the way back from the bottom. People will start to find jobs more fitting their skills and experience and people who couldn't find a job at all will start to find opportunities again. If you're a republican hater of Obama... you have to curse the recovery... because his policies appear to be improving the free-falling economy he inherited on January 20, 2009.