Employment in most other major industries, including mining and logging, construction, manufacturing, and transportation and warehousing, showed little change in June.*********
That’s the problem with this report. Disposable incomes based on the first quarters numbers and since are falling at about 9% per year. That’s horrendous.
The average workweek is contracting and and there are no jobs in heavy industry which are the jobs that pay. Welcome to the fast food recovery.
Well I’m in IT and there are jobs in the IT field..
It’s more accurately the Obamacare recovery.
They replaced 1 50 hr/wk worker with 2 25hr/wk workers.
Hiring should go down for a while with the delay in the mandate.
Disposable incomes based on the first quarters numbers and since are falling at about 9% per year. That’s horrendous.
The entire Department of Defense begins Furlough’s next week. Watch that 9% skyrocket. I am one of the DOD folks who will be furloughed 20 percent a week....guarantee I am watching my pennies until AT LEAST October and many others like me are doing the same.