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It would be nice be able to conclude that the job market has improved considerably and bodes well for a thorough recovery. I was hoping earlier in the year that the elevated levels of low-wage hiring we were experiencing were just temporary and that the modest additional demand this created would translate into momentum towards new hiring spread more evenly across the board. The real wage deflation, and nominal wage disinflation, trends in the low-wage sectors seemed inevitable to me—given the enormous oversupply of global labor in the tradable sectors that has led to a surplus of domestic labor needing to take service jobs.
July 25 (Reuters) - Dow Chemical Co will considerselling its paint, construction and chlorine businesses as itjoins industry rivals in shedding units vulnerable to commodityprice swings, its chief executive said.
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More than 90 percent of Buchanan County's inhabitants are working-class whites who lack a college degree. Higher education long has been seen there as nonessential to land a job because well-paying mining and related jobs were once in plentiful supply. These days many residents get by on odd jobs and government checks.
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