Op-Ed Columnist: The Unrecognizable Recovery:
"The Bush crowd couldn't have been more pleased with the timing of the Martha Stewart verdict on Friday afternoon.

The big news heading into the weekend was almost guaranteed to be the awful jobs report released by the Labor Department Friday morning. The White House needed a world-class distraction and the Stewart jury, eager to wrap things up before the weekend, obliged. It strolled in, as if on cue, with a verdict of guilty on all counts. Distractions don't get much bigger.

The Labor Department report was as grim as faces on a bread line. Despite all the president's promises, the economy added just 21,000 jobs last month. No jobs were added by the private sector. The 21,000 additional jobs were all government hires."

The report also showed that job growth in December and January was worse than previously believed. The January tally was revised from 112,000 to 97,000. The December count dropped from 16,000 to a pathetic 8,000.

A number of demographic groups are getting absolutely hammered. A new study by Andrew Sum, director of the Center for Labor Market Studies at Northeastern University, found historic lows in the reported labor force participation of 16- to 19-year-olds. According to the study, "The estimated 36.8 percent employment rate for the nation's teens was the lowest ever recorded since 1948."

A more ominous finding was that over the past three calendar years the number of people aged 16 to 24 who are both out of work and out of school increased from 4.8 million to 5.6 million, with males accounting for the bulk of the increase.

The Economic Policy Institute and the National Employment Law Project, in a joint analysis of newly released data, reported a disturbing increase in long-term joblessness. Unemployment lasting half a year or longer grew to 22.1 percent of all unemployment in 2003. That was an increase from 18.3 percent in 2002, and the highest rate since 1983.

Among those having a particularly hard time finding work, according to the report, are job seekers with college degrees and people 45 and older.…

http://www.nytimes.com/2004/03/08/opinion/08HERB.html