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Go Vols

(5,902 posts)
5. U.S. jobs rose since '08 crisis, but pay is 23 pct less
Tue Oct 7, 2014, 02:52 PM
Oct 2014
(Reuters) - Jobs growth in the U.S. since the 2008 recession has been undermined by lower wages, with workers earning an average 23 percent less than earnings from jobs which were lost, a report by an organization representing U.S. cities said on Monday.


http://www.reuters.com/article/2014/08/11/us-usa-mayors-jobs-idUSKBN0GB1T920140811

US Job Growth Is Rising Solidly, So Why Isn't Pay?

Employers in the United States are hiring at a brisk pace. Unemployment has sunk to a nearly healthy rate. Jobs are being filled across a range of industries.

Yet the September jobs report released Friday contained a puzzling fact: Paychecks still aren't growing.

Economists regard stagnant wages as a red flag for the 5-year-old recovery. Robust job growth has typically fueled rising wages. And without higher pay, workers have less money to spend and save — and that, in turn, keeps the economy from strengthening further.


http://abcnews.go.com/Business/wireStory/us-job-growth-rising-solidly-pay-25948431

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0 members have recommended this reply (displayed in chronological order):

Kick nt stevenleser Oct 2014 #1
k&r... spanone Oct 2014 #2
Would like some data on what industries BlindTiresias Oct 2014 #3
Just by having consistently a lot of openings is going to ultimately drive wages higher. stevenleser Oct 2014 #6
Once again BlindTiresias Oct 2014 #8
It really doesn't depend on that, and FYI, stickiness doesn't mean stuck like if superglued. stevenleser Oct 2014 #10
I think it is a bit more complex than that BlindTiresias Oct 2014 #15
Think of how awesome the market would be without nearly 6 years of GOP obtruction! eom MohRokTah Oct 2014 #4
U.S. jobs rose since '08 crisis, but pay is 23 pct less Go Vols Oct 2014 #5
See my #6. nt stevenleser Oct 2014 #7
Beings it hasn't been below 3.40% Go Vols Oct 2014 #9
See my #10 nt stevenleser Oct 2014 #11
TWENTY-THREE PERCENT. woo me with science Oct 2014 #13
+1 Go Vols Oct 2014 #14
The chocolate ration has been increased! (Low-wage jobs replace middle-income work) woo me with science Oct 2014 #12
Just because a job... DAMANgoldberg Oct 2014 #16
What kind of jobs? davidn3600 Oct 2014 #17
No, this was from August. nt stevenleser Oct 2014 #19
Great news, IMO. I'll concede incomes don't match those of 2001, closeupready Oct 2014 #18
I suppose that's what happens linuxman Oct 2014 #20
Nope. U-6 is paralleling U-3. nt stevenleser Oct 2014 #21
Would you STOP being so upbeat? closeupready Oct 2014 #22
I know, right? stevenleser Oct 2014 #23
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