he employment figures have turned into one giant inside joke. The mainstream press living in perpetual bubbles thinks that most of the American public is following one giant conspiracy theory if they don’t simply accept that everything is fantastic in the economy. The funny thing is that the same reporting agency that gives us a […]
34% of all Americans financially support the rest of the country – 112 million private sector workers support 211 million people.
The latest employment report was lackluster. The math on the employment numbers has concealed a deeper problem in the economy. Many Americans are struggling and the middle class continues to lose ground. The most startling figure coming out was that 562,000 people dropped out of the labor force. While there is a bit more information […]
The education and employment myth: Almost two-thirds of people in the labor force do not have a college degree.
There is an ongoing perception that most of the workforce has a college degree. When we say college degree we mean at a minimum a bachelor’s degree. You would think that with $1.3 trillion in student debt outstanding a good portion of the work force would be college educated. The opposite is the truth however. […]
Mancession: Men lost 2 times more jobs than women from the Great Recession and have gained half as many jobs since late 2007.
It should be clear that the Great Recession took a toll on most people. This is reflected in household incomes and savings. But one thing that is abundantly clear is that the Great Recession took a massive toll on male employment at a rate twice that of females. We’ll get into the charts and figures […]
The rise of the part-time and disposable employment army: Record number of people now employed in transient labor positions while good paying jobs remain stuck in the mud.
The headline employment numbers present a glamorous picture of the economy but one that is not based on reality. After all, you have over 94 million Americans not in the labor force and this growing army of people is helping to keep the unemployment rate low. And for a growing number of Americans those in […]
New Year begins with record number of men not in the labor force: Those not in the labor force increased by 1.9 million last year while the labor force increased by only 1.1 million.
The New Year begins with a record number of men not in the labor force. Those “not in the labor force” remains at a record level and this cannot be explained away simply by shifting demographics. Demographics alone is a convenient explanation for this large number but unfortunately only explains part of the large number […]
We have traded building cars for mixing drinks: This year the US added nearly 300,000 waiters and bartenders, and zero manufacturing workers. Manufacturing was once 33 percent of all jobs and now it is below 10 percent.
While the Federal Reserve now looks to have the green light on raising interest rates after many head fakes, the employment report isn’t so clear. Sure, we are adding jobs but we are adding a large number of jobs in the low wage segment of our economy. Case and point? Since the start of the […]