WASHINGTON – The nation's economy posted its largest job gain in three years in March, while the unemployment rate remained at 9.7 percent for the third straight month.
link: Employers added most jobs in 3 years in March - Yahoo! News
The official line, of course: "The increase in payrolls is the latest sign that the economic recovery is gaining momentum and healing in the job market is beginning."
The unemployment rate around here, according to people in the know - including those who are without work but have stopped looking - is closer to 20% than 9.7. FWIW.
The AP's piece continues:
...most economists don't expect new hiring to be fast enough this year to rapidly reduce the unemployment rate.
(Emphasis emphatically mine.)
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