Friday, May 02, 2014

(CNN video) Jobless rate drops, but new jobs are low paying

The April unemployment numbers are out--and the jobless rate went down to 6.3 percent.

But those new jobs aren't as good as the old ones.

"The story behind the story is that so many of the jobs coming back," a CNN commentator says here, "have paid less and had fewer benefits than the jobs we lost during the recession."



Underemployment and those who dropped out of the workforce--the latter isn't counted in the jobless figures--are still a significant problem for the economy.

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