#BLS Today's job's report will be the last prior to the launch of the U.S. Private Sector Job Quality Index (JQI) on November 14th, which will thereafter be updated and released on each "jobs day." #JQI is a collaborative of @Cornell, @cpa_tradereform, @UMKC and @GISP_Tweets,>>
>and tracks shifts in job quality related to relative levels of weekly income (wages times hours) on a real time basis from month to month. The JQI reveals is three decades of astonishing job quality decline, reflecting a substantial increase in the number of>>
> production and non-supervisory jobs that are below the mean level weekly incomes of all such jobs. In 1990, 52.7% of those jobs fell below the mean – but since then, 63% of all net new job formation has been lower wage/lower hours. >>
While job formation was higher than expected (especially given the #GM strike) it is very heavily concentrated in low-wage/low-hours sectors. Retail, healthcare and social assistance, admin and waste and leisure/hospitality were 108K of 131k private sector jobs created (82%)>>
>This is one of the worst levels of low wage/low hour job formation that we have seen in the post-recession period. And the goods producing sector lost 26,000 jobs (some of this due to the strike) with only construction showing a 10K boost.>>
Wage growth was tepid at best, only 0.17% M/M for production and non-supervisory workers (83% of total), 0.21% for all workers including the "bosses.">>
>Hours worked were flat as usual. Labor force participation rate (LFPR) up 1/10th and employment/population flat. But the small uptick in LFPR is from people taking marginal jobs offering weekly incomes averaging ~$550 for the 82% of jobs formed in October.>>
For more on this, follow the launch of the U.S. Private Sector Job Quality Index #JQI this month. Here's a sneak peak through September: 
