{"entry":{"title":"Why the Unemployment Rate Is So High","date":"Thu, 10 Jan 2013 23:00:00 -0600","author":"Laura D'Andrea Tyson, Economix","description":"
According to the last jobs report for 2012, the United States labor market continues to recover at a steady but modest pace despite a global slowdown, Hurricane Sandy and anxieties about future fiscal policy. Private payrolls increased by two million in 2012, and the unemployment rate fell by 0.7 percentage point to 7.8 percent. Over the last 34 months, the economy has added 5.8 million jobs.<\/p>","original_link":"http:\/\/economix.blogs.nytimes.com\/2013\/01\/11\/why-the-unemployment-rate-is-so-high\/"}}