Economy added 295,000 jobs and unemployment rate drops

[Steinlight]

Why No Wage Increases: More Than Half Of Jobs Added In February Were Lowest-Quality, Lowest-Paying

It has become a running joke: month after month after month, the punditry says wages hikes are coming... they are coming any second, just be patient. And month after month the punditry refuses to accept the simple reason why not even the BLS' goalseeked data does not permit this long awaited wage surge to take place - simply said, the quality of jobs (or rather "jobs" as these are all merely 1s and 0s that only exist in some BLS spreadsheet) added every month is absolutely atrocious, so bad that not even the BLS' actuarial tables allow its goalseek program to attribute higher wages to the "jobs" it creates out of thin statistical air.

Ironically moments ago US labor secretary Thomas Perez said that the "quality of jobs is going up."

No it isn't, as anyone who spends even two minutes with the BLS report can find out.

Don't have two minutes? Here is the full breakdown. As the chart below shows, the three biggest single-category jobs added in February (because Professional services includes numerous occupations), were also the three lowest quality, lowest paying ones:

• Leisure and Hospitality, added 66K jobs
• Education and Health added 54K
• Retail trade added 32K

Together these three job categories accounted for 152K jobs, or more than half the total February job gains. They also represent the lowest paid jobs in the US.

And that's why there is no wage increase.

Why No Wage Increases More Than Half Of Jobs Added In February Were Lowest-Quality Lowest-Paying Zero Hedge

 

[alanbmx123]

Why No Wage Increases: More Than Half Of Jobs Added In February Were Lowest-Quality, Lowest-Paying

It has become a running joke: month after month after month, the punditry says wages hikes are coming... they are coming any second, just be patient. And month after month the punditry refuses to accept the simple reason why not even the BLS' goalseeked data does not permit this long awaited wage surge to take place - simply said, the quality of jobs (or rather "jobs" as these are all merely 1s and 0s that only exist in some BLS spreadsheet) added every month is absolutely atrocious, so bad that not even the BLS' actuarial tables allow its goalseek program to attribute higher wages to the "jobs" it creates out of thin statistical air.

Ironically moments ago US labor secretary Thomas Perez said that the "quality of jobs is going up."

No it isn't, as anyone who spends even two minutes with the BLS report can find out.

Don't have two minutes? Here is the full breakdown. As the chart below shows, the three biggest single-category jobs added in February (because Professional services includes numerous occupations), were also the three lowest quality, lowest paying ones:

• Leisure and Hospitality, added 66K jobs
• Education and Health added 54K
• Retail trade added 32K

Together these three job categories accounted for 152K jobs, or more than half the total February job gains. They also represent the lowest paid jobs in the US.

And that's why there is no wage increase.

Why No Wage Increases More Than Half Of Jobs Added In February Were Lowest-Quality Lowest-Paying Zero Hedge

Because all of the low paying jobs are going to the immigrants, take a tour of any manufacturing plant or go to a fast food place or hire a service tech or go to a construction site. All Mexican or Latino work force, and most have a 5th grade education at best. These were all high paying jobs, except fast food, 15-20 years ago. Now they are $10-12 an hour jobs being performed by legal and illegal immigrants. if you do not believe me ask anyone in California, Texas, New Mexico, Arizona, and a whole lot more states

 

[Vigilante]

(CNSNews.com) - The labor force participation rate hovered between 62.9 percent and 62.7 percent in the eleven months from April 2014 through February, and has been 62.9 percent or lower in 13 of the 17 months since October 2013.

Prior to that, the last time the rate was below 63 percent was 37 years ago, in March 1978 when it was 62.8 percent, the same rate it was in February.

Thanks Obumble for the GREAT ECONOMY...5.5% Unemployment.... How fucking STUPID do the CommiecRATS think America is?

 

[Vigilante]

Record setting number of women not in the labor force

Young Cons ^ | 6 Mar 15 | Michael Cantrell
Leftists love to constantly spout off about the “war on women” by conservatives and Republicans. Because, you know, we hate women if we believe they shouldn’t murder their unborn children or something. They also claim women are discriminated against in the workplace by making less money than men, again spewing nonsense and incomplete facts in order to persuade women to vote Democrat. The only problem is, if you look at the statistics involving women in the workforce, you start to see it’s really the loony left that has a war on women. From CNS News: A record 56,023,000 women, age...

 

[LoneLaugher]

Good news Unemployment at lowest in 7 years - Mar. 6 2015

Good News! Hopefully for everyone, this is good news.

How is median family income doing?

On the way up since 2011. Isn't it wonderful, Eddie?

 

[Rexx Taylor]

What About The Elephants and Clowns?? soon they will be applying for welfare programs.

 

[Steinlight]

Record setting number of women not in the labor force

Young Cons ^ | 6 Mar 15 | Michael Cantrell
Leftists love to constantly spout off about the “war on women” by conservatives and Republicans. Because, you know, we hate women if we believe they shouldn’t murder their unborn children or something. They also claim women are discriminated against in the workplace by making less money than men, again spewing nonsense and incomplete facts in order to persuade women to vote Democrat. The only problem is, if you look at the statistics involving women in the workforce, you start to see it’s really the loony left that has a war on women. From CNS News: A record 56,023,000 women, age...

Democrats are the REAL sexists, right?

LOL, is this satire?

 

[Vigilante]

Record setting number of women not in the labor force

Young Cons ^ | 6 Mar 15 | Michael Cantrell
Leftists love to constantly spout off about the “war on women” by conservatives and Republicans. Because, you know, we hate women if we believe they shouldn’t murder their unborn children or something. They also claim women are discriminated against in the workplace by making less money than men, again spewing nonsense and incomplete facts in order to persuade women to vote Democrat. The only problem is, if you look at the statistics involving women in the workforce, you start to see it’s really the loony left that has a war on women. From CNS News: A record 56,023,000 women, age...

Democrats are the REAL sexists, right?

LOL, is this satire?

Why would you think that, The LEFT is the one if you look at the stats!

 

[Steinlight]

Good news Unemployment at lowest in 7 years - Mar. 6 2015

Good News! Hopefully for everyone, this is good news.

How is median family income doing?

On the way up since 2011. Isn't it wonderful, Eddie?

Less than 100 dollars on average, so it is flat and down over 8% from the recession, nothing to brag about you economic illiterate.

U.S. real (inflation adjusted) median household income was $51,939 in 2013 versus $51,759 in 2012, statistically unchanged. The 2011 level was $51,842 and the 2010 level was $52,646.

http://www.census.gov/content/dam/Census/library/publications/2014/demo/p60-249.pdf

 

[Steinlight]

Record setting number of women not in the labor force

Young Cons ^ | 6 Mar 15 | Michael Cantrell
Leftists love to constantly spout off about the “war on women” by conservatives and Republicans. Because, you know, we hate women if we believe they shouldn’t murder their unborn children or something. They also claim women are discriminated against in the workplace by making less money than men, again spewing nonsense and incomplete facts in order to persuade women to vote Democrat. The only problem is, if you look at the statistics involving women in the workforce, you start to see it’s really the loony left that has a war on women. From CNS News: A record 56,023,000 women, age...

Democrats are the REAL sexists, right?

LOL, is this satire?

Why would you think that, The LEFT is the one if you look at the stats!

You think Democrats are intentionally keeping women from working? They can't stop harping on anything else, whether it be affirmative action, "equal pay", employer provided birth control, and liberal pundits demonizing stay at home mothers, I don't see where this conspiracy fits in.

 

[LoneLaugher]

Good news Unemployment at lowest in 7 years - Mar. 6 2015

Good News! Hopefully for everyone, this is good news.

How is median family income doing?

On the way up since 2011. Isn't it wonderful, Eddie?

Less than 100 dollars on average, so it is flat and down over 8% from the recession, nothing to brag about you economic illiterate.

U.S. real (inflation adjusted) median household income was $51,939 in 2013 versus $51,759 in 2012, statistically unchanged. The 2011 level was $51,842 and the 2010 level was $52,646.

http://www.census.gov/content/dam/Census/library/publications/2014/demo/p60-249.pdf

Is it on the way up, bitch?

 

[Vigilante]

Record setting number of women not in the labor force

Young Cons ^ | 6 Mar 15 | Michael Cantrell
Leftists love to constantly spout off about the “war on women” by conservatives and Republicans. Because, you know, we hate women if we believe they shouldn’t murder their unborn children or something. They also claim women are discriminated against in the workplace by making less money than men, again spewing nonsense and incomplete facts in order to persuade women to vote Democrat. The only problem is, if you look at the statistics involving women in the workforce, you start to see it’s really the loony left that has a war on women. From CNS News: A record 56,023,000 women, age...

Democrats are the REAL sexists, right?

LOL, is this satire?

Why would you think that, The LEFT is the one if you look at the stats!

You think Democrats are intentionally keeping women from working? They can't stop harping on anything else, whether it be affirmative action, "equal pay", employer provided birth control, and liberal pundits demonizing stay at home mothers, I don't see where this conspiracy fits in.

OK

 

[Steinlight]

Good news Unemployment at lowest in 7 years - Mar. 6 2015

Good News! Hopefully for everyone, this is good news.

How is median family income doing?

On the way up since 2011. Isn't it wonderful, Eddie?

Less than 100 dollars on average, so it is flat and down over 8% from the recession, nothing to brag about you economic illiterate.

U.S. real (inflation adjusted) median household income was $51,939 in 2013 versus $51,759 in 2012, statistically unchanged. The 2011 level was $51,842 and the 2010 level was $52,646.

http://www.census.gov/content/dam/Census/library/publications/2014/demo/p60-249.pdf

Is it on the way up, bitch?

LOL, you snarky faggot.

Tell us more about this unprecedented 97 dollar rise in real median income over 3 years

 

[Steinlight]

Record setting number of women not in the labor force

Young Cons ^ | 6 Mar 15 | Michael Cantrell
Leftists love to constantly spout off about the “war on women” by conservatives and Republicans. Because, you know, we hate women if we believe they shouldn’t murder their unborn children or something. They also claim women are discriminated against in the workplace by making less money than men, again spewing nonsense and incomplete facts in order to persuade women to vote Democrat. The only problem is, if you look at the statistics involving women in the workforce, you start to see it’s really the loony left that has a war on women. From CNS News: A record 56,023,000 women, age...

Democrats are the REAL sexists, right?

LOL, is this satire?

Why would you think that, The LEFT is the one if you look at the stats!

You think Democrats are intentionally keeping women from working? They can't stop harping on anything else, whether it be affirmative action, "equal pay", employer provided birth control, and liberal pundits demonizing stay at home mothers, I don't see where this conspiracy fits in.

OK

They aren't keeping women from working like a conspiracy. In the American economy, decent jobs are being outsourced and any ones left are being in-sourced with cheap immigrant labor.

 

[LoneLaugher]

Good news Unemployment at lowest in 7 years - Mar. 6 2015

Good News! Hopefully for everyone, this is good news.

How is median family income doing?

On the way up since 2011. Isn't it wonderful, Eddie?

Less than 100 dollars on average, so it is flat and down over 8% from the recession, nothing to brag about you economic illiterate.

U.S. real (inflation adjusted) median household income was $51,939 in 2013 versus $51,759 in 2012, statistically unchanged. The 2011 level was $51,842 and the 2010 level was $52,646.

http://www.census.gov/content/dam/Census/library/publications/2014/demo/p60-249.pdf

Is it on the way up, bitch?

LOL, you snarky faggot.

Tell us more about this unprecedented 97 dollar rise in real median income over 3 years

Is it on the way up? Is that better than going down? You piece of shit weirdo.

 

[Vigilante]

Austin Goolsby said today 2015 GDP will be under 2%...according to John Batchelor show!.... That's HORRIBLE for the economy!

 

[edthecynic]

Austin Goolsby said today 2015 GDP will be under 2%...according to John Batchelor show!.... That's HORRIBLE for the economy!

Thank you GOP Congress!
"appears to coincide with the biggest political change of the Obama Administration’s long tenure in Washington: the expectation of a new Republican Congress.”
- Mitch McConnell

 

[Vigilante]

Austin Goolsby said today 2015 GDP will be under 2%...according to John Batchelor show!.... That's HORRIBLE for the economy!

Thank you GOP Congress!
"appears to coincide with the biggest political change of the Obama Administration’s long tenure in Washington: the expectation of a new Republican Congress.”
- Mitch McConnell

Can you name a Republican bill that has been signed it being by the Obomanation.... I will NOT hold my breath, you lumbering Neanderthal!

 

[Rocko]

Austin Goolsby said today 2015 GDP will be under 2%...according to John Batchelor show!.... That's HORRIBLE for the economy!

The John Batchelor show is just about the most informative and interesting show there is is! Good for you!

 

[Vigilante]

Austin Goolsby said today 2015 GDP will be under 2%...according to John Batchelor show!.... That's HORRIBLE for the economy!

The John Batchelor show is just about the most informative and interesting show there is is! Good for you!

Hugh Hewitt is on at the same time, and I go back and forth seeing who has the most interesting and informative topic for the quarter hour.... GOOD RADIO!

I guess EdTheLiar can't find that ONE Republican bill that has been signed into law.... it's a wonder he continues to embarrass himself!...But NPD is spreading to these CommiecRATS!