mrdirt said:
288K jobs. What kind? As they say devil is in the details. Nothing but low paying, minimum wage,temp jobs.
From BLS. job growth in Professional and Business Svcs (fancy name for Temp agencies) Retail, Food Services ( part time, minimum or just above wages, Doesnt include the Layoffs that will come from Family Dollar Stores, Coldwater, Radio Shack, Sears Holding) food services and drinking places (minimum wage, part time, construction (temp jobs once the project is complete back on unemployment). Approx 806k left the workforce in April 2014, Record 92.02 million that are "not in the labor force for a grand total of 101.77 million working age Americans that do not have a job.According to a new report from the National Employment Law Project, the quality of the jobs that have been "created" since the end of the last recession does not match the quality of the jobs lost during the last recession...
Lower-wage industries constituted 22 percent of recession losses, but 44 percent of recovery growth.
Mid-wage industries constituted 37 percent of recession losses, but only 26 percent of recovery growth.
Higher-wage industries constituted 41 percent of recession losses, and 30 percent of recovery growth.