“Approximately 26,000,000 Unemployed or Underemployed. Job Growth in $10 per Hour Jobs while $20 per Hour Jobs Disappear.”

“It is clear that the actual raw number of job losses is improving but the troubling sign is deeper in the data. Nothing highlights this more than Wal-Mart announcing it will hire 22,000 workers and expand while General Motors on Monday announced it would be filing for bankruptcy and downsizing. We are shifting to retail low wage work while destroying higher paying manufacturing work.”

Read more: Real Unemployment Situation: Approximately 26,000,000 Unemployed or Underemployed. Job Growth in $10 per Hour Jobs while $20 per Hour Jobs Disappear.

This entry was posted on Thursday, June 11th, 2009 at 7:13 pm and is filed under Economy. You can follow any responses to this entry through the RSS 2.0 feed. Responses are currently closed, but you can trackback from your own site.