NPR News

One jobs number gets all the attention: The number of jobs lost or gained in the previous month.

That number is important. But focusing too much on the net change in jobs can be misleading. It gives the impression that a job is like a widget — it's something that gets made in a factory somewhere, and that we hope exists forever.

That's not how it works. Even in good economic times ,new jobs are constantly being created and old jobs are constantly being destroyed. (Of course, you do want the number of jobs created to exceed the number of jobs destroyed.)

Transcript

NEAL CONAN, HOST:

This is TALK OF THE NATION. I'm Neal Conan.

Transcript

NEAL CONAN, HOST:

This is TALK OF THE NATION. I'm Neal Conan, in Washington. In many parts of the country, coal has been king for many years, but that's changing. Ten years ago, coal fired half the U.S. electrical power plants. Now that's about a third and dropping. As coal companies switch to cheaper and cleaner natural gas, some coal companies in the east are closing mines and laying off workers.