Fed chairman Ben Bernanke says the recession is “very likely over,” the Dow swaggers to the top of the 10,000 mark, and Obama is confident the worst is behind us.
So why does it still hurt so bad? If you are one of the millions in America looking for a job in this economy, it’s hard to believe the pundits.
“Employment is a lagging indicator,” they assure us, speaking like parents chiding a child for not eating his greens.
But if there ain’t no green in the pocket, it’s hard to swallow what they say. Everywhere, the stories are the same—making us wonder, is the economy really recovering?
“It’s a really bad market,” says Wonyoung Hong, a taxation major at New York’s Fordham University who moved from Korea last year.
“Really impossible to get a job. A lot of my friends were fired at the end of last year; they’re still looking for jobs. They all have good backgrounds, experience, and most went to school here. When I see such qualified people struggling, I feel it will be more difficult for me.”
Hong, 27, graduates next month and going by her description of her summer internship application process, she is ready for “hell.”
Read the rest of the piece at Koream Journal
