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Thursday, July 3, 2014

Hiring Is Up, But Most Jobs Added Are Low-Paying

In early June, pedestrians walked by a now hiring sign in the window of a San Francisco Ross Dress for Less store. In May, U.S. employers added 217,000 jobs, according the Labor Department. The hiring pace remained strong in June as employers added 288,000 jobs. (Justin Sullivan/Getty Images)

In early June, pedestrians walked by a now hiring sign in the window of a San Francisco Ross Dress for Less store. In May, U.S. employers added 217,000 jobs, according the Labor Department. The hiring pace remained strong in June as employers added 288,000 jobs. (Justin Sullivan/Getty Images)

New numbers out today from the Labor Department show the U.S. added 288,000 jobs in June. It’s the fifth month in a row in which hiring has gone up by over 200,000 — the best hiring streak since the late ’90s, back when Bill Clinton was president.

Long-term unemployment also fell over the last year, with 1.2 million long-term unemployed finding jobs. But there are still over 3 million people who have been unemployed long term, and the number of Americans working or looking for work remains at 30-year lows.

Wages have barely increased as employment grows, and the new jobs in this report are heavily in low-paying sectors like retail.

Here & Now’s Jeremy Hobson talks to Bloomberg correspondent Bob Moon about what this means for the U.S., as well as what we can expect in coming months.

Guest

  • Bob Moon, correspondent for Bloomberg.

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