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"A nation is truly corrupt, when, after having, by degrees lost its character and liberty, it slides from democracy into aristocracy or monarchy; this is the death of the political body by decrepitude." - Robespierre
Congratulations, if you're an hourly worker in the United States you've earned a .02 cent per hour raise last month! (April) Now of course, after earning almost a whole extra dollar per week, tax and investment advice should be sought out immediately. If you work in information services for a living, your hours worked increased this month, by one tenth of an hour. 2,691,000 Americans work in the "information" category and I guess they're lucky to be working that extra fractional hour, even if there are 9,000 less of them, working this month over last.
For everyone else, all 155 million of us American workers, hours worked in every category either fell or stayed the same. The propaganda networks will trumpet 165,000 "new" jobs and that's Winston Smith's way of telling you, everything is so much better now. Come out; come out where ever you are! Ollie, Ollie Ocean free! But under the veneer is another story entirely, a story that you will not see on TV or Radio.
While 165,000 new jobs were created last month, 210,000 workers joined the labor force.
The number of Americans working Part-Time, for economic reasons rose sharply by 278,000 in April, to nearly 8,000,000 people. Eight million people in this country that want a Full-Time job, but can't find one.
Part-Time due to slack work or business conditions rose to 5,250,000.
The number of Americans who could only find part-time work last month declined by 49,000.
Workers marginally attached to labor force were up by 21,000 and discouraged workers are also up by 32,000 workers.
Nearly 2,000,000 Americans now work two or more part-time jobs, an increase of over 20,000 since last April.
So just where are all these "new" jobs? Well, they're not in mining or logging and not in construction or manufacturing. They're not in durable goods or non-durable goods; they're not in wholesale trade or utilities and even our friends in "Information services" lost workers. The new jobs are to be found in private-service providing, 137,000 of 165,000 jobs are in the service industry.
Trade, Transport - 9,000
Retail - 13,000
Financial services - 19,000
Professional and business services - 50,000
Leisure and hospitality services - 36,000