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Unemployment may be going down, but that doesn't count for much when most of the added jobs are $10/hr service jobs.



Not to mention /real/ inflation, not this useless "core inflation" measure (that ignores health/energy among other factors), has been rising.

Medical and energy costs have gone up significantly in the past 15 years.


Energy is actually quite cheap, especially so in the US with the very abundant and globally cheap natural gas supply after the fracking boom.


Things are still pretty bad. Underemployment still hovers at around 15%. Unemployment numbers are pretty useless when someone who lost their full time job, is trying to find another one, and is working a handful of hours part time to get by in the meantime is counted as "employed".


>most of the added jobs are $10/hr service jobs.

People employed at minimum wage decreasing:

https://research.stlouisfed.org/fred2/series/LEU0253127000A

Weekly earnings rising (a bit):

https://research.stlouisfed.org/fred2/series/LES1252881600Q

Where is your data?


Half of America's top 10 fastest growing jobs pay less than $25,000/yr http://money.cnn.com/2016/04/18/news/economy/fastest-growing...


Your source is for full-time employment. Part-time jobs surged after 2008[1] and haven't returned to pre 2008 levels.

[1] http://blog.indeed.com/the-role-of-part-time-jobs/


>Your source is for full-time employment.

Number of people employed part-time, not by choice...falling:

https://research.stlouisfed.org/fred2/series/LNS12032196

U6 Unemployment rate...falling:

https://research.stlouisfed.org/fred2/series/U6RATE


From those same charts, unemployed part-time not by choice is rising since Oct '15. U6 is constant in that period as well.


Here's a more up-to-date graph of "part-time for economic reaons": https://research.stlouisfed.org/fred2/series/LNS12032194

We're down to June 2008 levels, but have a ways to go before we hit December 2007 levels.


2nd link displays median weekly income for full time is ~$350.

350/40 hours = 8.75/hr

Edit: Turns out it's 1984 dollars.


That's $8.75/hr in 1982/1984 CPI adjusted dollars, which comes out to ~$20/hr in 2016 dollars. http://data.bls.gov/cgi-bin/cpicalc.pl?cost1=8.75&year1=1984...




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