Monday, August 05, 2013

Record jobs? Well, sort of . . .


According to the July jobs report, job prospects have been, and are, in the crapper.

Virtually no jobs went to those 16-19. Only 49,000 jobs went to recent college grads. Only 15,000 jobs went to those 25-54. Of the 160,000 new jobs, 60% went to those aged 55-69. So, say hello to that recently hired Wal-Mart greeter who is participating in government's highly-touted "record job creation."

The story and charts are here: http://www.zerohedge.com/news/2013-08-02/record-jobs-old-workers-others-not-so-much

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