Jobs Return to Peak, but Quality Lags (Video)


(Wall Street Journal / Worthy News)– The U.S. finally clawed back all the jobs lost since the recession hit in late 2007, a watershed in a slow recovery that finds a labor market still in many ways weaker now than before the downturn.

U.S. payrolls in May hit an all-time high after the first four-month stretch of job creation above 200,000 since the boom days of the late 1990s, according to the Labor Department’s latest employment report. In all, employers added 217,000 jobs last month, nudging payrolls above the prior peak in January 2008. The jobless rate, obtained from a separate survey of households, remained at 6.3%, the lowest level since September 2008.

The U.S. has 1.6 million fewer manufacturing jobs than when the recession began, but 941,000 more jobs in the accommodation and food-service sector. More than 40% of the jobs added in just the past year have come in generally lower-paying fields such as food service, retail and temporary help.

 

Source

We're being CENSORED ... HELP get the WORD OUT! SHARE!!!
Fair Use Notice:This site contains copyrighted material the use of which has not always been specifically authorized by the copyright owner. We are making such material available in our efforts to advance understanding of environmental, political, human rights, economic, democracy, scientific, and social justice issues, etc. We believe this constitutes a 'fair use' of any such copyrighted material as provided for in section 107 of the US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed without profit to those who have expressed a prior interest in receiving the included information for research and educational purposes. For more information go to: http://www.law.cornell.edu/uscode/17/107.shtml. If you wish to use copyrighted material from this site for purposes of your own that go beyond 'fair use', you must obtain permission from the copyright owner.

Worthy Christian News