US jobs revival - quantity not quality?

[dArKeR]

Washington - As the US labor market shows signs of revival from its long slump, economists are in a fierce debate over the quality of new jobs being created and the impact of a shifting job landscape.

While payrolls have risen by about one million this year, some economists say overall income and wage growth has been anemic, raising questions about how the new jobs will help sustain the economy.

The debate is a key to the US presidential campaign, with President George W. Bush touting a recovering labor market and presumptive Democratic nominee John Kerry highlighting the economic struggle facing many US families.

CIBC World Markets, in a report on the "US employment quality index," said this index has fallen eight points since 2001, reflecting a trend toward lower-paying, less stable, self-employed and part-time jobs.

http://www.busrep.co.za/index.php?fArticleId=2125753

[mhr]

1. Jobs Revival - Yeah Right - Check Out Dallas Texas

We have both poor replacement jobs and reduced jobs as well!

This chart is from the Dallas federal reserve.

[modrepub]

2. You don't understand

you're supposed to work TWO jobs to get the pay of your old one.