[lbo-talk] US employment

[Mark S]

Doug Henwood wrote:
>
>Pretty weak US employment report this morning - just 78,000 new jobs in the 
>establishment survey, with the under-the-surface details not offering much 
>consolation. The household survey was stronger, with a gain of 425,000 
>nonagricultural jobs, but this is a less reliable measure, and there was a 
>decidedly downscale skew to the jobs (or at least the gainers of jobs) - 
>people without a high school diploma gained the most, and those with 
>bachelor's degrees or more lost. The US labor market is still failing to 
>thrive.
>
Even if this report is not an aberration, earnings appear to be rising.  It 
was noted that hourly earnings over the past three months are up at a 3.1% 
annualized rate compared with the previous three months, for the fastest 
growth in a while.  Productivity growth is also slowing.  What does 
Greenspan do???

M.

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