Search On This Site

Custom Search


It only takes a few moments to share an article, but the person on the other end who reads it might have his life changed forever
Subscribe via RSS



Contact Information: 
Submit: articles [ at ] investmentwatchblog [dot] com 
Advertising: ads [ at ] investmentwatchblog [dot] com 
General: admin [ at ] investmentwatchblog [dot] com

America’s Job Recovery Is Only For Part-Timers


Employment: From the media to Wall Street, June’s jobs report is being spun as a major positive, a sign the economy is getting back on track. Maybe the pundits should look at the actual numbers, which are abysmal.

aclbfTo hear some of them, the 195,000 payroll jobs added for the month while the unemployment rate stayed at 7.6% were a big deal. One investment house called it a “very good report.” Another termed it “solid.”

Really? Let’s take a little closer look at the numbers.

The total number of payroll jobs in the economy, at 135.9 million, is still 1.6% below 5-1/2 years ago, when the recession began. We’re not even back at scratch.

http://news.investors.com/ibd-editorials/070513-662689-us-shifts-to-a-part-time-economy.htm

32 Total Views 1 Views Today
Did you already share this? No? Share it now: