Job creation = "painfully slow"

I found it interesting that though this article is very similar to the one that Nick found, as posted earlier, it has a different opinion on the future to come. Though both articles came from the Associated Press, mines was authored by Chris S. Rugaber while Nick's was authored by Tom Raum. Rugaber, unlike Raum, is pessimistic that the new jobs offered within the next two years will be enough to combat our steadily growing unemployment rate. Though employers have cut less jobs this month (130,000 vs. 190,000 last month), the unemployment rate has stayed the same at a 25-year high, 10.2 percent. Rugaber talks about how economic experts say that the unemployment rate may peak at a whopping 12 percent before it finally begins to drop. However, some argue that "we're not far from seeing the labor market begin to stabilize and create jobs".

I sure hope so. Though twelve percent is not that much more than ten percent, when we are talking about millions of people, it makes a big difference. Also, I like the differences in optimism and opinion between the two authors that wrote about the same subject. Though Raum talks more about Obama's promises on a white house forum, all in all it seems that he is more optimistic. Which is good. I think that optimism rather than pessimism will really drive us toward economic recovery. However, what's bad is that Rugaber is also right. If the unemployment rate soars to twelve percent, that means that a lot of jobs will have to be made available to the public in order to combat the rising unemployment rate.