Carmakers {GM, Chrysler} take on jobs but US unemployment fears grow (BBC)

[eppur_se_muova]

General Motors and Chrysler, the US carmakers saved from collapse by government bail-outs, have announced plans to each hire about 1,000 staff.

The moves underline the turnaround in fortunes at the firms and signal that US manufacturing may be on the mend.

But the news came as Federal Reserve chairman Ben Bernanke warned of the high jobless rate becoming entrenched.

Job creation was "probably the most important economic issue facing America today", he said.

GM said that its hiring of engineers and researchers would begin immediately for work on a new generation of electric vehicles.
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more: http://www.bbc.co.uk/news/business-11882949

[OHdem10]

1. Other companies continue to send jobs out of country, i.e HP.

Bernanke has been showing serious concern over the
job situation for months.

Both Bernanke and Geithner have openly suggested the
need for more stimulus spending which I would interpret
that they know or believe the job situation is going
to be with us for a long long time.

[napi21]

2. Improvements in the auto ind. is great but you can't have the

entire US economy dependant upon one industry! Bernanke knows that & so do we. I can guarantee you we will never see the building industry come back to what it was 5-6 years ago and we shouldn't want it to. Banks were making loans they never should have made & people were buying houses too big for them to afford.

I think what we're seeing now is not only the result of a run away fiancial industry but because we're seeing the result of those millions of jobs that went overseas during the Shrub admin. That's the reason jobs aren't bounding backlike the did in former recessions. There simply not around in the US to COME BACK! Of all the votes the Senate voted down in these last 2 years, I feel the absolute worst was when they voted not to change the tax code that rewards businesses for moving jobs off shore & rejected the new proposal to instead reward businesses wh bring those jobs back. if all those jobs hadn't been oursourced I think the economy would be at least half way back by now and well on it's way to full recovery!