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Friday's Labor Department report may show best private job creation in years. But what kind of jobs?

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Friday's Labor Department report may show best private job creation in years. But what kind of jobs?

Post by Guest on Thu Mar 03, 2011 2:44 pm

The details behind the BLS's so-called "headline numbers" have been dissected and compared every which way and back to those of previous recessions. Seasonal adjustment formulas have been slammed and defended. Data from the two surveys that underpin the analyses of the monthly report — of 60,000 households and of 140,000 business establishments — are called contradictory. Upward and downward revisions of data from previous months, as well as previous years, are offered as prima facie evidence that the numbers simply can't be trusted.


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Re: Friday's Labor Department report may show best private job creation in years. But what kind of jobs?

Post by chopthis91 on Thu Mar 03, 2011 3:16 pm

This is nothing new. Those of us who have researched this job crisis know that high paying jobs are rare, mid-paying jobs are scarce, and low-paying jobs are becoming the norm. Many of the jobs are service industry type jobs (I.E. customer service, retail, and hospitality).

I'd be happy with a service job because that is where my greatest experience is but unfortunately my age (too old), work experience (too much), and time unemployed (going on 21 months) are really hurting my chances of landing even a $9 or $10 job. Companies have to know how critical my situation is just by looking at the time I've been out of work. They're in control and I have little to bargain with in spite of my "life experience".

I also realize that many who come to this site are in the same boat. We are all reaching out for support and to discuss our frustrations, worries, and concerns which are varied and many. God help us all!

Posts : 226
Join date : 2011-02-20
Age : 66
Location : South Florida

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