Suspicions among white-collar professionals that the recovery is an
illusion, or at least has left them behind, are validated by official
government data buried in the monthly employment reports, based on
household surveys, which few bother to actually read.
Even more worrisome is the continuation of a decade-long decline in the number of self-employed, a category which includes many of these same professionals.
While even the seasonally-adjusted employment data show an uptick in five of the six unemployment measures (Table A-15 of the January 2015 jobs report, available at http://www.bls.gov/news.release/empsit.t15.htm), the unadjusted numbers in the same table show a measurable increase in unemployment.
For More: Long Trend Of Jobs Data Shows Zombie Recovery for Professionals
Thank You,
Even more worrisome is the continuation of a decade-long decline in the number of self-employed, a category which includes many of these same professionals.
While even the seasonally-adjusted employment data show an uptick in five of the six unemployment measures (Table A-15 of the January 2015 jobs report, available at http://www.bls.gov/news.release/empsit.t15.htm), the unadjusted numbers in the same table show a measurable increase in unemployment.
For More: Long Trend Of Jobs Data Shows Zombie Recovery for Professionals
Thank You,
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