Private sector adds jobs; still not enough

According to the latest report from the Labor Department, the private sector added 71,000 jobs last month. While any growth is appreciated, the number is still much lower than the number needed (216,000) to reach pre-recession levels from 2007.

The unemployment rate held steady at 9.5% but when you add in the underemployed (those who are either working part-time or are working “under” their previous position), the rate jumps to 16.5%.

Unemployment rates for the metropolitan areas will be coming out at the end of the month… stay tuned!