Categorized | General Interest

Slowdown: Paychecks Still Thin

This is just a repeated point–repeated because it’s just so obvious, though it seems to escape the grey cells of transcribers of press releases (formerly known as “journalists”) and other analysts.

There’s a slowdown in job creation:

The labor market’s yearlong streak of robust monthly job creation was broken on Friday with the Labor Department’s report that employers added just 126,000 workers in March, a marked slowdown in hiring that echoed earlier signs of a winter pall on the economy.

Which comes from a slower economy…ok, sure, the weather is a factor. But, duh, even have jobs but aren’t getting paid enough money to pay the bills, don’t you think that will have a great impact on the economy longer-term and account for the reality of an economy that is sick at its core.

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