Free Republic

Several months of growth have blown away most of the Chicken Little stories about a "jobless recovery," but one doubt has lingered. Many Americans believe that service-sector "offshoring" means that the number of high-paying jobs is flat, while companies are creating more menial positions. ...A new paper ... analyzes government employment numbers and finds that growth in jobs paying more than the mean now outstrips the creation of jobs on the bottom end of the bell curve. Moreover, the timing of this shift is in line with the pattern of past economic expansions. ...Partisans can generalize the data to get...

Chicago Fed manufacturing index fell in March Monday May 12, 11:59 am ET NEW YORK, May 12 (Reuters) - Details of the Federal Reserve Bank (News - Websites) of Chicago's monthly Mid-west manufacturing index for February and March, released on Monday: Midwest auto sector output posted the largest declines in the two months of the four sectors, falling 3.5 percent in February and another 2.0 percent in March. The Chicago Fed released figures for both February and March after delaying the data because of an annual revision of state employment data. Percent change: Mch Feb Mch03/02 CFMMI -0.8 -1.4 -2.2...