In May the BLS reports the number of new jobs created (net) was 175,000 (first yellow highlight).
Of those 175,000 jobs the big gainers were in the categories of Retail Trade (+27,700), Temporary Help Services (+25,500) and Leisure and Hospitality (+43,000).
These three sectors accounted for 96,200 of the jobs created, or 55% of the total.
Not sure what the breakout is, but I would say a good portion of these jobs are part-time, lower wage positions. No data to back that up having worked in those sectors in my lifetime, I think from experience I am safe in than conclusion.
It is great that we are creating these jobs. But are we creating a healthy, vibrant economy.
I don't think when over 50% of the new jobs are in these categories we are. What do you think?
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