Jobs Growing Slowly, Wages Falling Fast

Robert Reich, SF ChronicleAre we making progress on the jobs front? Just barely. And that's not even the big story, which I'll get to in a moment.The Bureau of Labor Statistics reports 192,000 new jobs in February (220,000 new jobs in the private sector and a decline in government employment), and a drop in the overall unemployment rate from 9 to 8.9 percent. It looks as if we're heading in the right direction. But the progress is far too slow to make a real dent in unemployment. To get the unemployment rate down to 6 percent by 2014, we'd need more than 300,000 new jobs a month, every month,...

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