average pay is UP this year, Up over Inflation.

but lying scumbag haters like you pessimistic liberals can't stand it.

you are losers, you were losers in 2000, 2004, 2008,2012,2016, 2020,2024
and
on into eternity, cuz you SUCK

and I'm being nice about it.

"Harry Hope" <rivrvu@ix.netcom.com> wrote in message
news:ovpgf2dn267o0dog2k37cjmem8635rrv42@4ax.com...

The unemployment rate fell to 4.7 from 4.8 percent in July, because a
large number of adults left the labor force.

............................................................................
................................

Overall, the two-tiered labor market continues.

The top quartile has it good; but for everyone else, the future is
worrisome.

For many workers, real incomes lag inflation, and the flagging housing
market will drive down living standards.

The skewed distribution of opportunities explains why President Bush
cannot convince most Americans the economy is on solid ground, and the
Republicans are in danger of losing control in Congress.


http://globalpolitician.com/articledes.asp?ID=2101&cid=1&sid=45

9/1/2006

Economy Added 128, 000 Jobs in August

By Prof. Peter Morici -- teaches at Robert H. Smith School of Business
at University of Maryland.


Today, the Labor Department reported the economy added 128,000 payroll
jobs in August.

My forecast and the consensus forecast were 125,000 new jobs.

The revised figure for July jobs growth was 121,000.

Over the last five months, the economy has added 119,000 jobs per
month.

This is well below the number needed to accommodate labor force growth
and keep unemployment from rising.

The weakening housing market has slowed consumer spending, except for
gasoline, and this is slowing business investment, construction and
jobs creation.

The unemployment rate fell to 4.7 from 4.8 percent in July, because a
large number of adults left the labor force.

The adult labor force participation rate remains well below its first
quarter 2000 level, and were the same percentage of adults seeking
employment now as then, unemployment would be well above six percent.

In August, wages were up only 0.1 percent.

Sub par jobs growth indicates the economy is slowing significantly,
and underperforming its potential.

In the months ahead, loosening labor market conditions will put a lid
on wages and help contain inflation but ordinary workers will pay a
heavy toll in declining real incomes.

Inflation will continue to outpace wages for many workers.

Conditions in labor markets remain mixed.

Workers with key technical skills, for example in construction,
finance, information technology, and health care, continue to find
good opportunities, and their incomes easily outpace inflation.

However, workers with only high school or a few years of college,
without key technical skills, face mounting challenges finding jobs
offering good pay and health benefits.

Conditions in manufacturing remain poor.

In August, manufacturing lost 11 thousand jobs in August, after
shedding 23 thousand jobs in July, and manufacturing has lost more
than three million jobs since 2000.

Had the current economic expansion followed the pattern of past
recoveries, two million manufacturing jobs would have been regained.
The trade deficit and overvalued dollar against the Chinese yuan and
other Asian currencies significantly contribute to employment woes in
manufacturing, as do other industrial policies that subsidize Asian
exports and throw up barriers to U.S. sales into the region.

Construction added 17 thousand jobs reflecting improving conditions in
the commercial construction sector. Looking forward, improvements in
commercial construction should offset the slowdown in the housing
sector.