[Marxism] Fwd: US unemployment rate falls to lowest level since 2008 | Business | The Guardian

Louis Proyect lnp3 at panix.com
Sat Nov 8 07:11:27 MST 2014


The National Women’s Law Center, similarly, objected that most of the 
gains were jobs gains were in low-paying minimum-wage jobs.

“Although job growth continued last month, it’s troubling that half of 
the 214,000 jobs added were low-wage. The largest job gains were in the 
restaurant industry, where most of the workforce relies on tips—and the 
federal minimum cash wage is just $2.13 an hour. Finding a job that pays 
poverty-level wages doesn’t feel like a recovery,” the NWLC said.

Peter Morici, an outspoken professor at the Robert H Smith School of 
Business at the University of Maryland, who has been critical of the 
Obama administration’s jobs policies, put his objection vividly: “One in 
six men between ages 25 and 64 - too old for college and too young to 
retire – are jobless. Many are simply sitting at home watching ESPN and 
often relying on friends and relatives for support.”

full: 
http://www.theguardian.com/business/2014/nov/07/us-unemployment-rate-falls-economy



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