US Labor Market Still Weak After Trillions In Stimulus (Dude, Where’s My Recovery?)

Jon Economy, Fiscal Policies, Market Commentary

As I pointed out on Friday, the US jobs market had a fine print in terms of quantity of jobs added, not quality. 80% of jobs added were of the low-wage variety.
And two employment indicators show that the US economy is back … to the worst levels prior to 2008. Both U-6 underemployment (total unemployed, plus all persons marginally attached to the labor force, plus total employed part time for economic reasons, as a percent of the civilian labor force plus all persons marginally attached to the labor force) and the employment-to-population ratio still remain grim.

Despite the massive fiscal and monetary stimulus (ZIRP and QE 1-3) thrown at the employment problem.

This post was published at Wall Street Examiner by Anthony B. Sanders ‘ March 6, 2016.