After tepid jobs report for U.S. in February, hiring bounces back in a big way

The buoyant jobs market that has helped sustain American households for the better part of a decade did not go anywhere.

After an unexpectedly weak February — just 20,000 new jobs were initially reported — concerns arose that the remarkable wave of hiring might be ebbing. But employment surged again last month, beating the expectations of most economists with 196,000 new jobs, the Labor Department said Friday.

Even lowly February looked better: The department revised its report upward to 33,000 jobs. And unemployment remained at 3.8 percent in March, while wage growth kept its momentum, ensuring that pay is growing faster than inflation.

“We think the labor market is the strongest thing in the U.S. economy right now,” said Luke Tilley, chief economist at Wilmington Trust. “We’re encouraged by the wage gains.”

Original Quill wrote:Are they manufacturing jobs?  Of course not, manufacturing is losing positions to technology, not foreigners.  So, what you see is an increase in 'Jack-in-the-Box', or minimum wage, no benefits jobs.

By my calculation, this means the wealthy get richer, while the unclean peons must accept morsels.  Again, the 1% control all of America, while the 99% suck eggs.

The jobs figures, like the stock market, are only for the richest people.  It means more poor people for the rich to walk all over.

>THE Ben Reilly< wrote:

Original Quill wrote:Are they manufacturing jobs?  Of course not, manufacturing is losing positions to technology, not foreigners.  So, what you see is an increase in 'Jack-in-the-Box', or minimum wage, no benefits jobs.

By my calculation, this means the wealthy get richer, while the unclean peons must accept morsels.  Again, the 1% control all of America, while the 99% suck eggs.

The jobs figures, like the stock market, are only for the richest people.  It means more poor people for the rich to walk all over.

That's a fair point, and it's a problem that's been going on for years. How do we solve it?