News from the Green Shadow Cabinet

False positives of Jobs Report: More jobs, but at less pay

A first look at U.S. third quarter 2013 GDP and October Jobs Reports gives the impression that the U.S. economy is mending and might soon begin to recover. But a closer inspection shows that the reports indicate an economy still mired in a ‘stop-go’ trajectory at best and a jobs market able to produce low pay, often contingent service jobs. Moreover, trends within the reports suggest even the already tepid results in the reports will likely wane, once again, in the coming quarter and months. Here’s why.