We must not accept this economic ’new normal’ | Senator Bernie Sanders | Comment is free

/us-economy-recovery-wealth-inequality

  • We must not accept this economic ’new normal’ | Senator Bernie Sanders | Comment is free | guardian.co.uk
    http://www.guardian.co.uk/commentisfree/2013/jun/02/us-economy-recovery-wealth-inequality

    Les mauvaises nouvelles sociales contenues dans les bonnes nouvelles économiques.

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    The good news is that instead of losing more than 700,000 jobs a month as we were five years ago, we’ve been gaining almost 200,000 jobs a month since January. The bad news is that, in addition to those job numbers being much too low, nearly 60% of the jobs gained since the “recovery” are low-wage jobs that pay less than $14 an hour, while most of the jobs lost during the recession were decent-paying middle-class jobs.

    The good news is that the official unemployment rate has gone down from 10% in October of 2009 to 7.5% in April. The bad news is that 20 million Americans still are looking for work and the real unemployment rate – counting those who have given up looking for work and those working part time when they need full time jobs – is 13.9% The very bad news is that youth and minority unemployment is far higher than that and, with the decline in factory jobs, income for poorly educated men has shrunk by nearly two-thirds over the past four decades.

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