Friday, April 01, 2016

215,000 New Jobs Created in March 2016


Tonight's headline on your local TV station will tout the creation of 215,000 jobs that were created in March.  However, what will not be reported is where the majority of those so-called new jobs were created.  From the above chart, the top three top sectors -- "Education & Health, Retail Trade, and Leisure & Hospitality" -- accounted for 65% of all job gains. This "growth" of minimum wage jobs took place while some of the highest paying jobs, including mining & logging, manufacturing, and transportation & warehousing all posted declines in March. But, as I stated, you will not receive this type of information on your local TV station this evening. 

No comments: