The Good And The Bad News For The Future Of America's Jobs Submitted by Tyler Durden on 01/10/2014 20:39 -0500

As we reported earlier (and have been for the past three years), there is a reason why the media prefers not to talk about the quality aspect of US job gains, and instead focuses on the seasonally adjusted quantity: there simply is no "quality." Take today for example, when we learned that more than half of the 74K jobs gained in the month of December were temp jobs (which mysteriously were not affected by the weather: only the high paying ones somehow got crushed by snow in December), and when adding the lowest paying retail and wholesale trade jobs, one got nearly 50% more than all the job gains for the past month.