1. Saturday, May 4, 2013 - 9:14 AM
No surprise here; but statistics are statistics, looks good on paper and stirs up Wall Street rallies.
1,452 posts since
Jan 16, 2010
Rep Points: 6,305
2. Saturday, May 4, 2013 - 10:52 AM
Indeed ... And for those 165k of our fellow Americans who got these jobs, I guess the factor of low-wage or high-wage would be a secondary consideration (if at all). Primary consideration for them I believe will be between no-wage or low-wage. This not only looks good on paper, but also for those 165k Americans it will look good in their accounts, when they encash their first pay-check! :-)
Congratulations to those got these jobs, and thanks to our FOMC for helping those Americans who are in grave need. Hoping that FOMC will keep doing what they are doing to bring the unemployment down, exactly as they are mandated to do by law.
158 posts since
Jan 28, 2013
Rep Points: 623
3. Saturday, May 4, 2013 - 4:53 PM
Re: 51hh@ 1. Saturday, May 4, 2013 - 9:14 AM
Agreed. More fodder for politicians. Nothing to look at since neither the Fed, the Administration nor Congress has done anything meaningful to facilitate more meaningful hiring at middle-class wages. The service industry is hiring because their workforce is highly temporary and age dependent. One can't lift cases of beer in the convenience store after a certain age. Job creation has been localized in nature. The two areas that are hiring people at good pay are Silicon Valley in California and the oil shale fracking regions of North Dakota and Texas. Of course, those jobs are highly specialized or very labor intensive.
2,269 posts since
Apr 6, 2010
Rep Points: 11,966