Chronotope’s Twitter Archive—№ 41,412

Median wages dropped as GDP rose, indicating that economic growth comes at the *expense* of the average American. blogs.wsj.com/economics/2014/10/03/how-obama-is-caught-between-economic-growth-and-shrinking-incomes/?mod=WSJBlog

And that's your start on The Real Jobs Report. #RealJobsReport

Unemployment is longer than ever. Employed as percent of population is basically level. blogs.wsj.com/economics/2014/10/03/septembers-jobs-report-in-12-charts/?mod=WSJBlog

Women's participation in the workforce has dropped to 56.7%, the worst since 1988. marketwatch.com/story/more-women-are-quitting-the-workforce-2014-10-03?siteid=rss&rss=1

Average hourly earnings/real wages actually dropped: zerohedge.com/news/2014-10-03/wageless-recovery-average-hourly-earnings-suffer-first-monthly-decline-july-2013

Around 80% of all jobs added to the economy were temp, temp-like or retail. In otherwords, min wage or low income - zerohedge.com/news/2014-10-03/4-5-top-job-additions-september-were-low-or-minimum-wage

Labor participation rate continues to be in freefall, with the lowest numbers in 36 years, 92.6 mil given up on work. zerohedge.com/news/2014-10-03/labor-participation-rate-drops-36-year-low-record-926-million-americans-not-labor-fo

Cause of dropping labor participation incl. people who: previously wanted to work, now discouraged; can't work enough marketwatch.com/story/labor-force-participation-hits-a-new-36-year-low-2014-10-03?siteid=rss&rss=1

Wages only rose among those with the highest levels of student debt, PhDs and Master's Degree holders. zerohedge.com/news/2014-10-03/where-rising-wages-are