Employment: Where the Jobs Are-- & Are Not

Economists can always find something to worry about even in the best of times, and right now they do not have to look far. Probably no single economic fact concerns them more, week in and week out, than the nagging problem of unemployment in the midst of prosperity. Good news seems only to increase the concern. Though the unemployment rate in March dropped to 4.7%, the lowest point in seven years, and the Labor Department last week announced that manufacturing jobs have reached a 21-year high, White House economists and Labor Department...

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