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Unemployment Distribution Graphs

The economy added 151,000 jobs and the unemployment rate went below 5%.  Sounds nice but a lot of us are curious as to what quality of jobs those added are.  After all, 151,000 more people flipping burgers for less than a living wage is not an accomplishment to boast about.  I think they need a graph like below (I know it would take a lot of work but we have people and computers that love crunching numbers).

wages_vs_jobs_distribution

And the unemployment statistics don’t give you a good feel for the amount people are working.  Whether they are marginally attached to the labor force or over working.  The U6 unemployment figures are a step in the right direction but we could go further.

hours_vs_jobs