We know that the employment situation in the US is terrible with 70% of jobs created since January 2009 being low-paying, part-time jobs.
And median household income keeps declining.
After reading James Hamilton’s horrifying paper on the size of off-balance sheet liabilities for America, I thought I would put together the following table to you could see the household share of government debt, entitlements and The Federal Reserve Balance Sheet.
Read more at Confounded Interest
Sunday, August 18, 2013
Hamstrung Recovery: 70% Part-time Jobs Since January 2009, Food Stamps Up 57%
Labels:
economy,
food stamps,
jobless recovery
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