Market expected 125,000 but underemployment driven payroll rise of 92,000 confirms major recession
Sam Adelton
Nov. 3, 2006

The economy added low paying burger flipping 92,000 new jobs when the market was expecting 125,000 jobs. The discrepancy came from the auto and real estate sector. Home builders has started firing infrastructure workers and stopped hiring completely.

The low wage jobs are plenty. Help wanted signs are all over with close to minimum wage promise. The real salary paying jobs are disappearing. It is a bonanza for inherited unproductive money with great tax cuts. But the economy is falling apart. The small business entrepreneurs have little reasons to invest and work hard. It is better to buy some stocks, gold and commodities or even invest in hedge fund that doing real business.

The biggest problem comes financial services industry. The wage increases have come from there. But the way the financial services sector has operated , it is a shame. Now they are firing too. The unemployment is low because every one has to do something to live a life – prices are high. The rent or mortgage is high. The car insurance is high. The health premiums are high. The accelerating university tuition costs are unbearable. People have no choice than accepting underemployment driven low paying jobs that requires less skills.

Market expected 125,000 but underemployment driven payroll rise of 92,000 confirms major recession
Sam Adelton
The low wage jobs are plenty. Help wanted signs are all over with close to minimum wage promise. The real salary paying jobs are disappearing. It is a bonanza for inherited unproductive money with great tax cuts.
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The official unemployment rate fell to 4.4%. 92,000 new jobs were created. The real unemployment rate is 24.4% not 4.4%. here is why.
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