General Discussion

DallasNE

(7,994 posts)

7. Today There Was A Report

Fri Mar 29, 2013, 03:42 AM

Mar 2013

That said that the average pay for new jobs being created is $33,000 a year and that 25% of them pay $20,000 or less a year. Median pay for existing jobs is roughly $50,000 so that will be coming down as these new jobs get added into the statistical base.

And if that isn't bad enough, the weekly initial jobless claims today came in above 350,000 for the first time in 6 weeks. Is the effects of the sequester starting to show already? We should know more next Friday as the monthly jobs report and we can look at the trend in government jobs. If this turns out to be the case then with the sequester set to phase in over a 7 month period then this upward trend will continue. (The latest week came in at 357,000).

The four-week moving average for new claims, a better measure of labor market trends, rose 2,250 to 343,000, but remained below the 350,000 level.

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I don't have to tell you things are bad... [View all] Bonobo Mar 2013 OP

Don't know how to reply olddots Mar 2013 #1

It is a quote from the classic rant in the film "Network"... Bonobo Mar 2013 #2

Whatever we're afraid of: there's someone out there to validate your fear. lumberjack_jeff Mar 2013 #15

just update the last line to Blue_Tires Mar 2013 #17

Relax! Once Obama passes a Trans Pacific and guts Social Security, he's got this Demo_Chris Mar 2013 #3

But used to be's don't count anymore,they just lay on the floor til we sweep them away graham4anything Mar 2013 #4

In 1976 Network won best Screenplay, Best Actress (Dunaway) and Best Supporting Actress (Beatrice Bluenorthwest Mar 2013 #19

Jodie Foster and Cliff Robertson(or DeNiro) and Sissy Spacek should have won graham4anything Mar 2013 #20

No, you don't HAVE to tell anyone that things are bad Summer Hathaway Mar 2013 #5

Today There Was A Report DallasNE Mar 2013 #7

I read the news today, oh boy! Summer Hathaway Mar 2013 #8

This Isn't Gloom And Doom DallasNE Mar 2013 #13

Everybody is out of work? Or scared of losing their job? SheilaT Mar 2013 #6

Then there should be an exhibit of me as well! I too defied the odds. nt raccoon Mar 2013 #12

This has gone on far too long! In_The_Wind Mar 2013 #9

So, I'm reading through the replies and my brain starts to hurt. Egalitarian Thug Mar 2013 #10

I am rather disappointed. Bonobo Mar 2013 #11

Game over man, game over! geek tragedy Mar 2013 #14

I don't know. The little House Wren on the feeder outside my window sure seemed happy this morning. FSogol Mar 2013 #16

You should credit the author and offer the context of what is being said and by whom. Bluenorthwest Mar 2013 #18

+1 woo me with science Mar 2013 #21