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Politics : President Barack Obama -- Ignore unavailable to you. Want to Upgrade?


To: RetiredNow who wrote (145250)8/22/2014 7:47:33 PM
From: tejek  Read Replies (1) | Respond to of 149317
 
Middle class jobs are finally coming back


“The mix of jobs is improving,” said Ryan Sweet, director at Moody’s Analytics, which found that growth in mid-wage jobs has accelerated to an average of 1.5% in 2014, from 1% for the two years prior. “As the economy begins to grow consistently above its potential, we will see more middle class jobs being created.”

This bump in middle class hiring will also give a boost to wage growth. Already, the 1.3 million private sector jobs created this year are paying better: $867 per week, on average, versus the $843 that the existing 117 million private sector workers earn, according to Capital Economics.

Americans are more confident that they can find a good job than any time since the start of the Great Recession in December 2007. Some 35% of Americans say now is a good time to find a quality job, according to a recent Gallup Poll. The share had fallen to as low as 8% in late 2011.

money.cnn.com



To: RetiredNow who wrote (145250)8/23/2014 1:32:26 AM
From: ChinuSFO  Read Replies (2) | Respond to of 149317
 
I don't give much credence to this for several reasons. A poor in CA is considered relatively rich to a poor in say South Dakota or South Carolina. Besides, the dynamics of California economics is significantly different than states like NY State etc. Economically CA is part of the Pacific Rim economy as much as it is part of the US economy. I can go on and on as someone experiencing the CA economy first hand.

What nailed the "credence nail" in the coffin of this post is the author saying that Kashkari will give Brown a good fight in the upcoming Gubernatorial race. Many, many folks here have not yet heard of "Kashkari who".