Today’s Jobs Report in Pictures
August 3, 2012 at 9:25 am
http://www.offthechartsblog.org/todays-jobs-report-in-pictures-16/
Posted by: Chad Stone
Posted in: Congressional Action, Economic Recovery Watch, Federal Budget, Recession and Recovery, Unemployment
http://www.offthechartsblog.org/todays-jobs-report-in-pictures-16/
Posted by: Chad Stone
Posted in: Congressional Action, Economic Recovery Watch, Federal Budget, Recession and Recovery, Unemployment
Today’s jobs report that showed some pickup in job creation in July does not reduce the need for policymakers to implement measures to give the flagging recovery a needed boost, including preparing to extend emergency federal unemployment insurance (UI) past its scheduled expiration at the end of the year.
Below are some charts to show how the new figures look in historical context. Here is our statement with further analysis.
See our chart book for more charts.
More About Chad Stone
Chad Stone is Chief Economist at the Center on Budget and Policy Priorities, where he specializes in the economic analysis of budget and policy issues.
Full bio | Blog Archive | Research archive at CBPP.org
Federal minimum wage and tipped workers minimum has had an impact on the payrolls of alot of companies. The hospitality sector has seen the greatest increase of jobs gained and most of these employess are in the bottom of hourly pay. They do of coarse make tips. The increases have also made this industry run leaner since most companies use a varible/fixed labor percentage. The industry has historically low margins and any increase to the labor percentage goes directly into profit and with food prices high the wages can not be passed to costomer.