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Fast Money DisclaimerFast Money BiosAbout Fast MoneyRapid RecapFast Money Home
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Sep.18
6:30 PM ET
Friday, 18 Sep 2009
Seeking Jobs: Where Will They Come From?

As you might have seen on TV, Karen Finerman sat down with Secretary of Labor Hilda Solis and asked her point blank about jobs.

Are jobs coming back? Can the market keep climbing without them? Keep reading to find out about administration’s plan to get people back to work.

And on the following pages learn:
- If green energy has lost momentum with gas prices down dramatically.
- Whether labor would abandon the public health care option
- Where Solis stands on the FedEx dispute
- How women are growing their roles in labor unions

Stimulus And The Economic Recovery

FINERMAN: Let’s turn the conversation to the economic recovery and the stimulus. Unemployment rate near double digits, how are you going to get people back to work?

SOLIS: Well I think we are beginning to see the implementation of the American Recovery Act, which was signed into law in February, to help first of all help rescue and then rebuild. So the rescue part was a big portion of the funds that went in to help those dislocated workers, those 700 thousand in the beginning of January that lost their jobs were able to draw down, I’d say, a much more expanded unemployment checks but also expanded weeks of help, so that has helped to stabilize many in our communities in fact that money goes back into our local cities and towns and helps to keep those small business going, that isn’t a cure all so we know that the second part has to be job training and looking at new expanding careers.

And the careers that I think are going to grow in the future are Healthcare, because I see and up-peak there. I also see and up-peak in IT, broadband and high technology but also in green technology, which is a big initiative of this President. Green jobs, renewable energy, solar power, wind, bio-fuels and I think right now is a time, because we’ve seen a contraction in our economy and because we’ve lost a lot of manufacturing jobs is to look at these new avenues to get into. So on the one hand capital is being unleashed, for example through support through SPA, Department of Energy and other effort and my jobs is to train workers and right now we have a shortage of trained workers in these new high-sector innovative areas.

What do you think? We want to know!

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