[mEDITate-OR:
make something out of this news...
There is some Good News and some Bad News.
The good news is that basic manufacturing IS expanding...
not dog.com's or RE construction.
This should be much more stable for U.S. over time.
But, this growth is NOT getting U.S. back to pre-collapse levels.
However, the job losses at the state and local levels are wiping out all the jobs progress that we are making. We are going to see another massive loss of police, fire and teaching jobs
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While the 2nd article suggests that unemployment is falling, what is not telling U.S. is that many long-term unemployed are dropping out of the lists, AND many that came back INTO the jobs market are quiting looking, again, bcuz they found no jobs available.
This "hidden" labor pool is huge.
IF they re-enter the jobs waiting lists, the level of unemployed will stay UP for a very long time.
So...., we might see a couple of years of BOTH more jobs AND more unemployed.
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Manufacturing grows for 10th straight month
May results better than expected, trade group says
A private trade group said the U.S. manufacturing sector expanded in May, marking the 10th consecutive month of growth.
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Unemployment falls in most metro areas
Biggest improvements in April seen in Midwestern regions
Unemployment rates fell in April for more than 90 percent of the nation's 372 largest metro areas as hiring picked up around the country.
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