Saturday, January 11, 2014


The growth in temporary jobs along with the lack of income growth have had a dramatic impact (not positive!) on our country's economic recovery efforts. 
The foundation must be firmed before we can move forward and our fearful leaders in Washington DC only want to play games with semantics...and pass the blame (while keeping their cushy power jobs and benefit package)!


More Than Half Of December Jobs Added Were Temporary


Once again, in its sheer panic to tout the quantity, or lack thereof, in the case of the December jobs number, the frenzied media and pundits completely ignored the quality of the jobs gained in the last month of December. Or lack thereof. Because as the simple breakdown below shows, of the 74K jobs gained in December, 55%, or 40K were the worst of the lot when it comes to wages or benefits: temporary jobs.

As for the other job additions? Well, between Temp Help, and the bottom of the barrel paying Retail and Wholesale Trade jobs, the total additions were 111K. Which means all the other, better-paying, job groups saw... a drop of 35K.


It's Official: The US Created Less Jobs In 2013 Than 2012


The Fed spent over $1 trillion in 2013 (to push the stock market to all time highs) and all we got was... less jobs created than in 2012?
Establishment survey 2012 vs 2013 job change:
And Household survey 2012 vs 2013 job change:
Source: BLS

Chart Of The Day





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