[lbo-talk] U.S. Reports Accelerating Job Growth

[Doug Henwood]

It was an ok jobs report, nothing spectacular. It's a measure of how 
crappy the labor market has been that a growth rate slightly above 
the long-term average (which would translate into about 230,000 at 
current employment levels) is taken as a big deal. Wages were 
stagnant. And the demographic skew of the new jobs, according to the 
household survey (the job-gain number comes from a survey of 
employers, which is separate from the survey of households) was quite 
downscale, with high school graduates and less gaining, and some 
college and more losing. Also, older workers got most of the jobs; 
those under 35 got bupkes.

Doug