By John Cookson, CNN
The headline numbers in the January jobs report look positive: Employment rose by 243,000 jobs and the unemployment rate edged down to 8.3%. Here are details that did not make the headlines:
The education advantage. A college degree means an unemployment rate at half the national average. Not having a high school diploma means an unemployment rate at three times the rate of those who finished college.
Government cuts. While overall payrolls are up by more than 1.9 million jobs since January 2011, government has shed 276,000 jobs over the same period. Of these lost public sector jobs, 84 percent are at the state and local level.
A “healthy” economy. Employment in health care has increased by 312,500 jobs since January 2011, including 30,900 jobs since December 2011 alone. Health and personal care stores have added another 14,500 jobs over the last year.
Stop pirating movies and music. The motion picture and sound recording industries shed 7,900 jobs between December 2011 and January 2012.