Most of the new jobs being created also pay less than the bulk of jobs which were lost because of the recession.

Pasadena, CA -- (SBWire) -- 03/21/2011 -- The economic recovery is not creating enough jobs to create a serious dent in the unemployment problem, says Robert Reich, former U.S. Secretary of Labor.

Reich points out that over 300,000 jobs would have to be created every month to get the unemployment rate down to 6 percent by 2014. There were a total of just 192,000 net jobs created in February 2011.

Another important figure which most of the media outlets have ignored is that the percent of the total workforce, either working or looking for work, is at its lowest number in 25 years. There are at least 2 million Americans officially counted as having dropped out of the workforce. If underemployed and discouraged workers are counted as being unemployed then the present unemployment rate would go from 8.9 percent to 11.5 percent.

Most of the new jobs being created also pay less than the bulk of jobs which were lost because of the recession. The majority of job losses occurred in the $19.05 to $31.40 per hour pay range. Today, the majority of new jobs pay on average from $9.03 to $12.91 per hour.

EmploymentCrossing CEO A. Harrison Barnes says that even though most of the data says that the jobs being created are paying fewer benefits, there are plenty of jobs being created. Barnes’s firm has been able to find over 463,000 jobs in the last seven days. The main sectors are information technology (49,000+), managerial (63,000+), healthcare (108,000+), and sales (43,000+).