President Donald Trump’s very first employment report crushed anticipations, with the economic climate including 235,000 non-farm payroll employment in February.
Daniel Alpert, founder and managing lover of Westwood Money, however, thinks the headline numbers never expose the correct condition of the labor current market.
“The US has come to be ever more dependent on a subset of Small-wage and Small-hours employment in the private services sectors for career creation because the Good Economic downturn,” he reported in a presentation exclusively accessible to Organization Insider. “Small-wage, Small hours jobs have accounted for sixty% of all internet career creation because the finish of 2007, the pre-Good Economic downturn peak work yr.”
This slack in the labor market has also correlated with falling productiveness and economic development, Alpert reported, calling for “the commencement of a significant, federal government sponsored infrastructure expense application” to reverse the craze.
Here’s the overall presentation from Westwood Money making the situation for greater public investment in infrastructure projects.