Friday, January 4, 2013
Jobs Grow For 34 Straight Months
Today’s report from the Bureau of Labor Statistics (BLS) shows that private sector businesses added 168,000 jobs in December. Total non-farm payroll employment rose by 155,000 jobs last month. The economy has now added private sector jobs for 34 straight months, and a total of 5.8 million jobs have been added over that period, taking account of the preliminary benchmark revision. In 2012, private businesses added two million payroll jobs, taking account of the preliminary benchmark revision.
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Im not very impressed with the recent jobs data most of the new jobs being created are low wage service jobs or temporary part time jobs thats not the way that you build a sustainable economic recovery.
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