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creation lags behind 2.7 million U.S. jobs have been lost between 2001 and 2003. The last time employment behaved as poorly as this was in Herbert Hoovers term as president, said Paul Kasriel, chief economist of Northern Trust in Chicago. The economy has recovered some of the jobs lost over the previous three years but while the jobs market has improved, its still weak, said Mark Zandi, chief economist for Economy.com. [Lag in Recovering 2.7 Million Jobs Raises Questions About Economy, BNA Daily Labor Report, 8/2/04] |
Low-end
jobs the rule 81 percent of the total job growth in the past year was concentrated in low-end occupations. [Morgan Stanley, 7/9/04] Nationwide, jobs are growing in industries with lower-paying jobs that pay $9,160 less on average. [Jobs Shift From Higher Paying to Lower Paying Industries, Economic Policy Institute, 1/21/04] These new jobs are 19 percent less likely to pay health insurance and are often temporary. [Jobs Shift Away from Industries that Provide Health Insurance to Their Workers, EPI, 5/12/04] |
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