Sunday, April 11, 2010

Nation Really Adds 162,000 Jobs?


Recently, it seems that the nation will be able to breathe a little easier due to the 162,000 new jobs. But in reality, only 114,000 of these jobs are actually permanent. The 50,000 odd jobs that were not permanent were actually just census jobs where people worked for only twenty hours a week. That's barely minimum wage for the week. I don't mean to be cynical here but, in time like these we can't afford to give the illusion that we are more generous than we actually are. Too many lives are at stake.

U.S. Census jobs are very temporary, mostly part-time, and there are a lot of them. They obviously don't count for as much as a real, private-sector job, so you have to look at them separately," says David Wyss, chief economist at Standard & Poor's. "On the other hand, I suspect people who are taking those jobs are probably getting paid 20 hours per week for a couple months."





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