Private Sector Goods producing industries lost 10,000 jobs. Private Sector Service Jobs gained 114,000 and Govt (at all levels) added 10,000 for a net change of 114,000.
Notice the bright spots in jobs created (ignore the Stars I put on the graph--was going to do something else with those).
A perponderance of the jobs created went to people with elevate knowlegde/skills and education. The income inequality story in the US is embedded within these numbers. I wish more attention were paid to this fact.
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Unfortunately, it looks like the inequality is not going to get any better based on the rhetoric in the debate last night. They each advocate helping middle class families put their children through college (which is not a bad thing, except that it feeds another monster entirely), and they each call this a main part of their grand plan to stimulate economic growth. The issue is it will feed the same inequality you are mentioning here. The jobs being created are having to be filled by these college graduates, while there are still fictionally unemployed, highly talented individuals with years of experience in their fields being passed up just on the basis that they could not afford college 20 years ago. To me, that appears to further drive the countries income inequality in the wrong direction. On a similar topic, Governor Romney made an interesting point last night: He stated that 5% of Americans pay 60% of the tax revenue for the country. (And if I remember right, the income inequality is actually much worse than those figures).
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