50,000 construction jobs were lost: these jobs were inflated to begin with because of the real estate bubble. there needed to be a correction.
27,000 manufacturing jobs were lost: these jobs were going to China and other countries anyway - the recession just sped it up some.
50,000 professional and business jobs (white collared office jobs) were ADDED.
37,000 health services jobs were ADDED.
If you're trying to create jobs, which ones do you create to replace manufacturing and construction. More building? We don't need any more real estate, there is currently too much inventory. Manufacturing? Don't think you'll ever be able to replace those.
So where do the construction and manufacturing people go?
That's a good point Denno. Many people left the job market and did stuff like go back to school. Experts say that the unemployment would be higher if job seekers hadn't given up and went back to school.
The labor department released the jobless numbers and the good news is the rate dropped to 9%! The bad news is only 36,000 jobs were created...So what's the story? It seems the numbers don't add up! AP reported more...