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General Category => General News => Topic started by: NadiaWits on February 05, 2019, 03:55:53 AM

Title: Why record job growth in America hides a troubling reality
Post by: NadiaWits on February 05, 2019, 03:55:53 AM
Why record job growth in America hides a troubling reality

High employment rates gloss over a ‘much more complicated story’ of stagnant wages and vanishing mid-level jobs

January marked the 100th consecutive month of job creation in the United States – a record breaking streak of job creation that has left employers scrambling to find workers and dragged the long-term unemployed back into the market.

Yet even now, 20m jobs later , there are some parts of the US economy that have yet to reflect the positive image projected by the continuous job growth and low unemployment rate.

Related: US economy adds jobs for record 100th consecutive month

Employers think they should be able to get whoever they want at those lower wages

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Source: Why record job growth in America hides a troubling reality (https://www.theguardian.com/business/2019/feb/02/america-record-job-growth-economics-wage-stagnation)