One Positive in US Employment: Job Stability

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Top White House economic adviser Austin Goolsbee was on ABC's This Week yesterday, and he tried to strike an optimistic tone about jobs for 2011:

While we haven't seen the final employment numbers for 2010, it is difficult to imagine that the official unemployment rate dropped much below 9.8%.  And the deeper we look into the data, the more bleak the jobs picture for 2010 was.  But Brookings Senior Fellow Gary Burtless highlights one under-reported piece of the story that could be a positive sign for hope: job stability improved in 2010.  So if you have a job, you are less likely to lose that job than you were a year ago:

For more of Burtless's prognosis for the job market, click here.


Posted 01-03-2011 9:52 AM by Graham Griffith
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