US job market’s lingering weak spot:
Do the math?
1+1 will always = 2 – DUH!
Un-employment is down, job market improving, employers adding more jobs, layoff are less,
Because employers are still paying post 1940’s wages so people now need two or more jobs just to pay for the employers products, plus our government is taxing us into poverty, just to buy their pet Pork-Barrel Toys.
The U.S. job market has steadily improved by pretty much every gauge except the one Americans probably care about most: Pay.
The unemployment rate has sunk to a nearly normal 6.1 percent. Employers have added a robust 2.5 million jobs the past 12 months. Layoffs have tumbled.
Yet most people are still waiting for a decent raise.
Friday’s August jobs report confirmed that average hourly pay has crept up only about 2 percent a year since the recession ended five years ago — barely above inflation and far below the gains in most recoveries.