Unemployment rate falls to 2-year low.... but are you or someone you know still out of a job?

The Washington Post is reporting that the Unemployment rate falls to 2-year. It further contends that this is a low of 8.8% and employers add 216K jobs in March. Why is then that in the state of Texas they are still laying of teachers. Why is it then, that major corporations are still dropping high qualitly people from their payrolls? What is REALLY going on? Here is the report from the Washington Post, let me know what you think.

"WASHINGTON — The unemployment rate fell to a two-year low of 8.8 percent in March and companies added workers at the fastest two-month pace since before the recession began.

The Labor Department says the economy added 216,000 new jobs last month, offsetting layoffs of local governments. Factories, retailers, education, health care and an array of professional and financial services expanded payrolls.

Private employers, the backbone of the economy, drove nearly all of the gains. They added 230,000 jobs last month, on top of 240,000 in February. It was the first time private hiring topped 200,000 in back-to-back months since 2006 — more than a year before the recession started.

The unemployment rate dipped from 8.9 percent in February to 8.8 percent in March. The rate has fallen a full percentage point over the last four months, the sharpest drop since 1983"

Report from Washington Post here