Initial jobless claims continue to hover at 43 year lows, suggesting that everything is awesome in America - just ask President Obama. So why is US GDP not growing at 3.0%-plus as the 'models' would suggest? Simple - because job 'quality' matters and the chart below should slap that into the face of fiction-peddlers across the nation...
Surging minimum-wage employment amid plunging manufacturing jobs - now that is a legacy to be proud of.