September 07, 2012
September 7, 2012
The restaurant sector continued to show robust job growth in August, adding 28,300 jobs. This unusually strong growth can be used to clear up some confusion in news accounts about the nature of the jobs being created in the recovery. A disproportionate share of new jobs have been in low-paying sectors. This should be expected. The quality of jobs is in part a function of the quantity. When the unemployment rate is low, there are still bad jobs being created, but they just go unfilled.
For more, check out the latest Jobs Byte.
