Friday, March 04, 2011

Employment Better? Not Necessarily

The good news is that nonfarm payroll employment increased by 192K (BLS.)

The bad news: less and less people are actually working.

This is partly demographic--the Boomers are retiring and not being replaced 1-for-1 by young 'uns, and partly the fact that there are a lot less jobs out there.

Another factor: the U-6 gang who just plain gave up looking for work, or are forced-part-time workers.

The unstated: if you're over 50 years of age, you're not going anywhere fast in the job market.

HT: Ticker

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