Jobs Market, Not Normal

Don't Try Calling This Jobs Market Normal - Bloomberg View: "The headline number in today's employment report -- 192,000 nonfarm jobs created in March, bringing the three-month average to 173,000 -- suggests that the U.S. recovery is on track to bring the labor market back to normal, albeit gradually. Try telling that to the millions of people who are still suffering in the purgatory of long-term joblessness. Monthly U.S. Jobs Report As of March, an estimated 3.74 million job-seekers had been out of work for more than 6 months. That number would be only 1.39 million if the long-term unemployment rate, measured as a share of the population, fell to its average in the 10 years before the 2008 recession. In other words, we're still about 2.35 million away from normal...."

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