Analysis: Jobs matter, unemployment rate doesn't

Analysis: Jobs matter, unemployment rate doesn't – This Just In - CNN.com Blogs:
"Ignore the unemployment rate, and ignore anything you read that highlights the fact that it increased from 8.8% in March to 9% in April. It doesn't matter. It's an irrelevant number. There are so many long-term unemployed in this country, that the unemployment rate would actually be much higher if all of them were counted– more like 16% or 17%."

Hear, hear! Finally an article that makes some sense and has at least a modicum of reality.

The number juggling that comes out of Washington is really useless. The fact of the matter is - there are not enough GOOD jobs out there! Yes, "x" hundreds of thousands of jobs were added, but the figures dodge the issue of WHAT jobs were created. Engineering jobs that pay $50K vs janitorial jobs that pay $25K - big difference.