Sunday, October 5, 2014

New jobs report: More hiring’s for Grandma and less for Grandkids

As Wall Street swoons around today’s front line BS… err I mean BLS jobs report, the bottom line once again is that more people actually fell off the participation roles than actually found employment in September.  And even more disconcerting was the fact that the majority of these jobs were gained in the 55-69 age group, with 10K jobs actually being lost in the 25-54 range.
So to sum it up.  230,000 Grandmas and Grandpas found new low wage employment and 10,000 of their Kids and Grandkids went on unemployment.
 

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