When I was 10 years old my family moved to Houston, and my mother took us along while shopping for new houses. There was one house that my sister and I found particularly inspiring — it was two stories (we'd only ever lived in a one-story house and were enamored with the idea of stairs), and, what was even better, it had a bedroom with a window seat. In the car, all the way back to the hotel, we argued over who was going to get that bedroom. My parents, wisely, decided to buy another house.
It’s not simply that unemployment has been above 8 percent for a record 39 months, which is bad enough. While news stories report that 115,000 new jobs were added in April, the true picture is much worse. More than 340,000 Americans dropped out of the labor force last month. The total employment level for April fell 169,000.