Some Nuances In The Jobs Report
Courtesy of Tyler Durden
As the first chart demonstrates, the unemployment rate differential between HS grads and College grads has reached another record spread. While this will have the fringe benefit of discouraging floral experts with minimum wage and no 401(k) expectations from crossing the Rio Grande, the bigger issue is who in this economy is creating minimum wage/specialization jobs (especially with the US manufacturing complex in tatters).The US Socialist experiment will need to really pull its socks up if it hopes to succeed.
And some more bad news for those pounding the pavement: the differential between jobs-hard-to-get and jobs-easy-to-get is at pracitcal record wides. This is what happens when the inbox of your favorite headhunter overflows with 1,000 resumes for that one open janitorial position at John Pauslon.



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