What Happened To The Jobs?

Why is the unemployment rate staying relatively level (actually, a little bit “down”) at 6.7%? That’s because there is a shrinking pool of people who consider themselves workers. Almost 100 million Americans aren’t in the workforce.

And who’s in the labor force but not working? Well, one way to slice that is by education level. (You can also slice it by race, which provides equally disturbing numbers.)

That whole long-term unemployment benefit kerfuffle ended badly, which is a shame.

New jobs are in low-paying fields—and those low-paying fields are ever-more-low-paying (in particular, “leisure, hospitality and retail”).

And workers have less full-time work.

This makes people nervous.

Meanwhile, a big chunk of the labor force is aging out.