My newest Fox News piece starts this way:
Despite a growing population, fewer Americans have jobs today than when Obama took office. And the jobs pay less, too.
With the release today of the August job numbers, there are still 261,000 fewer Americans employed than when Obama became president. Almost a million -- 822,000 -- fewer Americans have permanent jobs.
And we have fewer jobs despite there being many more Americans than four years ago. There are now over 8.4 million more working age Americans. Normally about 60 percent of the working age population have jobs. Thus, it would have been necessary to add about 130,000 jobs each month just to keep the share of the working age population employed from falling.
The middle and upper income jobs lost during the recession are being replaced lower-wage jobs during Obama’s recovery. Middle income occupations accounted for 60 percent of the jobs lost from the first quarter of 2008 to first quarter of 2010, but 58 percent of the jobs created since then have been in lower-wage occupations. While we have lost jobs in skilled construction, real estate, and supervisors, most new jobs are in retail sales and food preparation. . . .
Labels: op-ed, unemployment