I remember how the MSM made sure to repeat the phrase “hamburger-flipper jobs” every time they were forced to report a decline in the unemployment rate during Reagan’s two terms in office.
I’m sure that phrase will be making a return in 2017 and beyond.
Remember the stimulus bill, the “shovel ready jobs”?
Guess what; not very stimulating when the country must endure a trillion dollar increase in health care.
ML/NJ
Wow, I’m stunned. Not really, but my family has really been blessed.
I lost my job in 2009. It took a few months and a cross country move, but my employment circumstances are far better.
All four of my kids are employed. Two are full time, one of those is also taking full time online classes.
The third just started a college internship that’s blowing my mind. Good pay, 401K, paid vacation and even education assistance. I think he’ll be able to make enough to pay off his student loans before he graduates.
The fourth is still in high school part time.
It took some work for all of them but hard work and perseverance does pay off.
along with obamacare, a lot of companies changed a lot of full jobs into more part time jobs. 5 “jobs” become 10 because everyone’s working 20 hours instead of 40.
How many are govt jobs?
Here are a couple of reasons why there are more contract workers. I was talking last night with someone who hires for his department (government agency in DC). There’s rule that if someone in the agency wants the new job, you have to give it to them. There’s a person who wants a job for which there’s an opening,but this person is very difficult to work with. So the dept head is trying to wait him out hoping he will leave and is using contract workers in the interim. There’s a secretarial opening that is marked for a $90K salary, and the dept head refuses to hire at the rate based on principle. He said it used to be that govt salaries were modest but benefits were good. Nowadays the benefits are great and salaries are exorbitant. The dept head also said most of the low-level employees are pretty much worthless.
Helluva job, ...well, you know.
Also the increase in the number of illegal aliens with jobs in the US over the past 8 years exceeded the total number of new jobs created in the US over the past 8 years.
The US may have added (back) 15 million jobs, but it lost more than that during the 2008-09 crater, so we’re just about back to the number of jobs we had back in 2007. Meanwhile, we’ve added 20 million to the US population. So we’re actually well below the number of jobs we would have to have in order to keep up with population growth.
Further, I’ve read from several sources that nearly all the “new” jobs since 2010 actually went to immigrants, and that nearly all the new job growth occurred in Texas.
All this helps to explain why the labor participation rate is the lowest it’s been in decades. The “unemployment rate” number is so severely cherry-picked that it has become meaningless. The Dow number likewise. Ditto the inflation numbers.
Or HB1s
The “gig” economy. Stagflation worse than Nixon’s and Carter’s.
Never let the truth get in the way of a good propaganda story.
>>A new study by economists from Harvard and Princeton indicates that 94% of the 10 million new jobs created during the Obama era were temporary positions.<<
You mean they’re allowed to publish true stuff at Harvard and Princeton? What is the world coming to?