Mar 11, 2014
Winners and Losers of the November Jobs Report
Posted on Dec 8, 2013
Transportation and warehouse companies have added jobs, factory employees exceeded 12 million people for the first time in four years, the elderly are seeking work, pay remains stagnant at the bottom, and the long-term unemployed are still screwed.
The Huffington Post reports that a rise in online shopping has affected the traditional holiday season hiring boost, with the transportation and warehouse sectors adding 30,500 such jobs in November, double the number added of that type in the same period last year. Physical stores added 24,800 workers, half the increase of the previous year.
Assembly lines are “still cranking away” with 27,000 new manufacturing jobs and an average of 4.5 hours of overtime per employee each week. Americans over age 65 are unemployed at a rate of 4.9 percent compared with 7 percent for adults as a whole as the number of senior citizens who hold or seek work has grown in recent years by nearly half a million to 7 million Americans.
Restaurant and hotels created nearly 16 percent of new jobs in the past 12 months—361,000 workers, but owners raised their hourly pay only 15 cents to $11.80 in November. That puts a parent and a child roughly at the poverty line. Additionally, since September, leisure industry wages have dipped 3 cents an hour.
And here’s the grim report for the long-term unemployed:
—Posted by Alexander Reed Kelly.
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