“An alarming proportion of the new job creation we saw in the first three quarters of 2013 were in low wage-paying sectors,” writes fellow Daniel Alpert in his latest jobs report. The report looks at findings surrounding jobs created last year, and how the labor force and wages play into the report.
“With disinflation rampant in the United States, and throughout the advanced nations, and with the numbers of those looking more aggressively for a job at any wage likely to grow in 2014 as the result of fiscal policy, the report card for 2013 should be viewed as very cautionary. This is still a very fragile, demand-deficient world in which we find ourselves.”
Download the full report here.