While stable unemployment is better than rising unemployment, that stability is fragile
Unemployment is down from 9.2 percent to 9.1 percent, and jobs and wage gains were more than we'd hoped for -- payroll grew by 117,000. Still, unemployment and payroll aren't where they need to be, the jobs report shows.
The growing ranks of the long-term jobless are clamoring for more jobless benefits. Will anyone listen?
Obama's team cites the stimulus bill for keeping people working, but with the US economy still shedding jobs, calls to do more are getter louder.
The $789 billion plan cuts taxes and shores up safety net. But how long will its benefits last?
One reason: Wages aren't keeping up with price rises.
Pressure is mounting for the US government to act soon to prevent a recession.