Re: Unemployment down furtherPosted By Rod Kaufman |
CNN did analysis of the quality of the jobs being created in early August. CNN stated the majority of jobs were in the service sector, specifically in waiters and waitresses and bartenders along with health care, specifically nursing. Manufacturing jobs were said to be down by 50,000, making this the first recovery to occur without a net increase in this significant area. Additionally, information technology, ie computer-related jobs declined as well.
If we look at the latest report we again see the most jobs in health care (likely nursing again) and leisure (likely service-related such as waiters/waitresses and bartenders).
Quantity is one thing but the quality of the jobs being created is quite another. There's certainly nothing wrong with the jobs being described although the income potential is usually less and perhaps far less than the other sectors that are not progressing.
If we look at the latest report we again see the most jobs in health care (likely nursing again) and leisure (likely service-related such as waiters/waitresses and bartenders).
Quantity is one thing but the quality of the jobs being created is quite another. There's certainly nothing wrong with the jobs being described although the income potential is usually less and perhaps far less than the other sectors that are not progressing.