Friday, June 5, 2009

Green Jobs

US job losses were lower in May, "only" 345,000, yet the unemployment rate rose to 9.4% from 8.9. This is good being less bad. Men have higher unemployment than women. Healthcare and Government are adding jobs. When Manufacturing and Services start adding jobs instead of losing them, we'll be well into recovery.

Obama's stimulus seeks to spark this recovery by seeding the "greening" of America. We've already seen oil and pump prices rise, I wonder what the equilibrium energy cost number will be that generates US economic growth because it is worthwhile to develop and produce alternative energy. Hopefully their models are accurate. I'm betting I'll be able to afford that hybrid Ford F-150 by Spring 2012.


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