Relevant:
- Trends in low wage America: 1.4 million waiter/bartender jobs gained while 1.4 million manufacturing jobs lost since 2007
- U.S. Added Only 160,000 Jobs Last Month as Brisk Hiring Slowed
- Some Nuances In The Jobs Report
- Jobs Contract 16th Straight Month; Unemployment Rate Soars to 8.9%
- U.S. job growth accelerates in June, wages continue to lag (NEVERMIND ADP!)
2017-05-05 — zerohedge.com
``How is it that with the labor market supposedly near full employment, and the unemployment rate sliding to another post-recession low of 4.4%, wages simply can not rise? The answer was once again to be found in the quality of jobs added... April disappointed: according to the BLS, the bulk of jobs added were once again in low or minimum-wage sectors such as leisure and hospitality...''
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