Sunday, April 10, 2011

US jobs market improves moderately VS 36% of workers in new jobs took pay cut of 20% or more + Downturn's Ugly Trademark: Steep, Lasting Drop in Wages

[mEDITate-OR:
think that we are almost back to normal...
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This is from FinFacts...
Notice the difference between W and WJClinton
Average job creation under W = 208K
Average job creation under WJC = 321K
merely 50% higher.
However, note the difference getting out of the hole we are in:
If we grow like under W, it will not be until 2023
If we grow like under  WJC, it will be only 2016.
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However, IF we really put our minds and hearts into it...
and grew by our best month = 472K jobs
we could get back to normal in less than three years.
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If you voted for change...
you did not get it.
And, neither does he.
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Then there is this from the WSJ
see the next three charts.
we are NOT better off, and not getting there, either.
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[WAGES]
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[WAGES]
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[WAGES2]
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US jobs market improves moderately
36% of workers in new jobs took pay cut of 20% or more
http://www.finfacts.ie/irishfinancenews/article_1021990.shtml
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Downturn's Ugly Trademark: Steep, Lasting Drop in Wages
http://online.wsj.com/article/SB10001424052702304248704575574213897770830.html#project%3DUNEMP_BY_OCCUPATION_IPAD_1101%26articleTabs%3Darticle
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