Hm. There's that 47% again. I thought the answer to everything was 42.
June unemployment is unchanged at 7.6%, and the average addition to payrolls is now up to 182,000 per month year over year, or 2.18 million.
The biggest job gains have been in professional and business services with 579,000 job gains year over year, with low-paying administrative and support jobs comprising a net 316,100 of that year over year.
Leisure and hospitality jobs are up 505,000 year over year, with low-paying waiting tables and bartending jobs up a net 392,600 of that year over year.
Education and health services jobs are up 360,000 yoy, with 343,600 coming from the health care and social assistance category.
Low-paying retail trade jobs are up 307,500 yoy.
Construction jobs are up 183,000 yoy, while manufacturing is essentially flat with gains of just 33,000 yoy.
Finance, insurance and real estate jobs are up 114,000 yoy.
Hourly earnings are up 2.2% in the last year, so you now average $828 a week instead of $808.
So, arguably, at the very minimum in the last year 1.02 million of the 2.18 million jobs added are low-paying jobs, or 47% of them. Way to go, Brownie!
Full pdf here.
