Great news on the employment front, especially if you are between 55 and 69. This group comprised the vast majority of the job additions for September 2014, 230,000. What about the prime worker group, which would be those aged 25-54? They lost 10,000 jobs. What? Say, it is not true. Those grandparents are not being hired in those positions within the economy to make the so-called "big bucks." We are talking here the Wal-Mart greeters of the world. But, the media is claiming a major victory for the economy. Give me a break!
By the way, here is the breakdown of job gains by all age groups since the start of the depression in December 2007: 5.5 million jobs "gained" in the 55-69 age group. Not bad. What about those prime workers between the age of 25-54? Negative 2.04 million. Not so good!
By the way, here is the breakdown of job gains by all age groups since the start of the depression in December 2007: 5.5 million jobs "gained" in the 55-69 age group. Not bad. What about those prime workers between the age of 25-54? Negative 2.04 million. Not so good!
Source: Zero Hedge
No comments:
Post a Comment