Federal Reserve chairman Ben Bernanke said...

"Until we see a sustained period of stronger job creation, we cannot consider the recovery to be truly established."

36,000 jobs were added in January

My own statistical breakdown:

New jobs created in January represents only 720 jobs PER State and the weather was the reason for the lack of job creation – really?
OR
ONLY 38 new jobs were created in each of the 955 Metropolitan and Micropolitan Statistical Areas defined by the Census Bureau – seriously?

13.86 million people who would like to work can't get a job.
6.2 million people have been out of work for more than six months

My quote:                                "As Housing Goes – So Goes the Economy"

Year                  Housing Starts               Unemployment Rate

2008                       905,500                          7.7

2009                       554,000                        10.1

2010                       587,600                          9.8


The country needs 1,400,000 new housing starts every year just to keep up with population growth and family formations.

As per the National Association of Home Builders, each home built creates the equivalent of 3-jobs per year and generates about $100,000 in taxes.

The shortfall in housing starts for the past three years is 2,150,000 homes.

Jobs created by building these homes = 6,450,000 more people working! This is almost 50% of the number of people who would like to work and can’t find a job.

Tax revenues (for all levels of government – local, state and federal) generated by building these homes needed for population growth and family formations over the past three years = $215 BILLION dollars!

Why isn’t the national focus on housing?