Free Markets, Free People

Daily Archives: September 1, 2012


Jobs, jobs, jobs …

We’ve been told for months now about all the jobs that have been created by the laser-like focus on jobs that Barack and Sheriff Joe have given us.

Of course the inconvenient statistic that keeps dogging their claim is the unemployment rate.

As for the jobs themselves? Well, per the New York Times, not so hot:

While a majority of jobs lost during the downturn were in the middle range of wages, a majority of those added during the recovery have been low paying, according to a new report from the National Employment Law Project.

[…]

Lower-wage occupations, with median hourly wages of $7.69 to $13.83, accounted for 21 percent of job losses during the retraction. Since employment started expanding, they have accounted for 58 percent of all job growth.

Another of those indicators. Again something that effects voters personally. Not only are those in the 8.2% unlikely to be particularly happy about the current economic situation and those in charge, but those that are employed but earning far less than they were are unlikely to be very happy either.

~McQ

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