The latest jobs numbers could have been much worse -- but they also could have been a lot better. Try 6.8 percent unemployment instead of 7.8 percent. The risk of a only half-decent jobs report like September's is that it might cause policymakers to lose sight of how far the job market still has to go. The bulk of the jobs picked up in the September report were part-time jobs. Many of the jobs created in the recovery have been lower-wage jobs. The unemployment rate among those ages 18 to 29 is 11.8 percent. African-Americans are suffering a 13.4 percent unemployment rate. More than 1.7 million Americans have been unemployed for 99 weeks or more. Meanwhile, the fiscal cliff of tax increases and spending cuts is looming at the end of the year, and Europe could blow up at any moment. It's not time to celebrate.
I'm delighted to announce that today we launch JobRaising, which will help job-creating nonprofits raise money, raise awareness and help put Americans back to work.