Navtej Kohli India showing its worried about the latest jobs and employment figure given out some government agencies . even the darkness or recession has been wipe out and now its a old days story but still employment figures are in compromising potion.
Full Employment: A Force Against Rising Inequality and Stagnant Incomes
One of the more compelling graphs in the inequality debate is the growth of real family incomes for low, middle, and high income families, going all the way back to the 1940s. The reason for its popularity is that it's one of the few pictures (though not the only one) that very clearly delineates a period of growing together and a period of growing apart. For example, comparing two roughly 30 year periods, 1947-79, when inequality was relatively unchanged, incomes just about doubled for each group shown in the figure. But between 1979 and 2010, income growth at the middle and bottom was pretty much flat, with the important exception of the mid-1990s, discussed below. High incomes rose more consistently over the period, though that trend too looks flat in the 2000s. That is, however, an artifact of these data, which exclude realized capital gains, an important income source in reference to inequality's growth over this period. In fact, other data which include capital gains show that the share of national income accruing to the top 1 percent grew to historic highs in 2007, before falling with the financial bust in 2008.
Still why global economy making changes on frequent basis, one the interesting facts Navtej Kohli Blog had notices that people getting less paid on full employment in comparison with part time job.
Bernanke skeptical about improved employment figures
The U.S. jobs market, Federal Reserve chief Ben Bernanke acknowledges, is “far from normal.”
Mr. Bernanke is not alone in his skepticism about the recent improvement in the jobs situation.
Since last August, the U.S. jobless rate has tumbled to 8.5 per cent from 9.1 per cent. And the pace of job creation is now firmly established. The economy generated 243,000 jobs in January, and most economists are expecting another solid 200,000-plus gain in February when the latest data are released Friday, boosted by unseasonably warm weather in much of the U.S.
This is all good news for U.S. President Barack Obama, who faces re-election in November.
The jobless rate is moving in his favour. The Hamilton Project, a Washington-based consultant, calculates that if current trends continue the jobless rate will be 8.1 per cent on election day.
February jobs numbers for Canada are also due out Friday. The consensus among economists is for a net gain of 17,500, up from a gain of 2,300 in January, and for the unemployment rate to remain at 7.6 per cent.
But getting back to Mr. Bernanke. His concerns, shared by many economists, is that the U.S. numbers don’t tell the whole story. The new jobs are real, of course. But part of the reason the unemployment rate is dropping is falling labour force participation. In January, the participation rate hit 63.7 per cent – its lowest point since 1983. Some economists warn that demographics and the continued dropping out of disillusioned workers will keep the rate flat for some time.
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