Working for a Living
Sunday, January 6th, 2008 by Maddox Reese“THE
The Unemployment Rate jumped up to 5.0% from 4.7%, and new job growth in December was reported at a paltry 18,000 jobs…with private-sector job growth actually falling by 13,000, the largest private sector drop in more than four years. And here’s an interesting note - Hourly Earnings actually moved higher than expected. While this seems somewhat contradictory to a slowing jobs number, perhaps it means that employers are attempting to save money by paying more dollars to fewer workers, rather than hiring more staff.

