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originally posted by: NihilistSanta
a reply to: Abysha
That is exactly what the OP is doing.....making a value judgement using anecdotal evidence. If the article wasn't biased it would have included the information I asked for.
The US economy added 288,000 jobs in June, while the unemployment rate fell to 6.1 percent, according to the latest jobs report issued Thursday by the Labor Department. While the number of new jobs created was higher than in recent months, the new jobs were largely part-time and in low-wage sectors, continuing the trend of replacing better-paid workers laid off during the 2008 crash with lower-paid, more highly exploited employees.
A large share of the growth in employed people was, according to the report, attributable to an increase in workers employed part-time for economic reasons, whose numbers grew by 275,000. These workers, “who were working part time because their hours had been cut back or because they were unable to find a full-time job,” hit 7.5 million. The number of people employed full-time actually dropped.
The Obama administration seized on the jobs report to once again proclaim an economic turnaround. “This is one of the strongest reports we’ve seen since the end of the recession,” said Labor Secretary Thomas E. Perez. “There was good job creation in high-wage, mid-wage and low-wage positions. It was broad-based.”
In reality, jobs growth was again led by low-wage industries. The retail trade sector added 40,000 jobs, while the leisure and hospitality sector, which pays an average of $13.83 per hour, added 39,000. The health care sector added 34,000 jobs. Relatively higher paying sectors lagged behind. The manufacturing sector added only 16,000 jobs, while construction added only 6,000.
As a result, wages have remained stagnant. The average hourly wage for private sector workers increased by just six cents last month, and has increased only 2 percent over the past 12 months, less than the rate of inflation.
originally posted by: ketsuko
The given labor stats ignore the number of people of working age who have given up looking for work. That number is around 90 million.
Barack Obama: The jobs president that Republicans were looking for?
originally posted by: Gothmog
President Obama, by contrast, has seen a net change in private sector jobs of 9.3 million, as of the new jobs report out on Friday morning
I hope the public does realize this number includes the amount of jobs that were cut , then reupped as cheaper , lower skilled "new" jobs.Companies have to do this to pay for the new corporate taxes that has came during the Obama administration. Also , some companies that are off-shoring at a feverishly high rate are actually including these numbers in the reports to keep their stock value high. This is happening mainly in the Tech sector. They get a "warm body" to occupy a space for 1/20th the amount the skilled US worker was paid...
originally posted by: HighDesertPatriot
a reply to: Indigo5
Oh yeah, I am going to have to call bullsh*t on this. Look around your town and tell me if this is true. Federal reserve as the source? Come on now, don't be naive.
originally posted by: darkbake
a reply to: Abysha
I'm just going to chime in and say Abhsha is correct. Anecdotal evidence does not stand up to real data. The graphs in the O.P. are not anecdotal, they are real data. There is other evidence that has been presented in this thread showing full-time employment has increased.