WASHINGTON — The jobs report is one of the least well-understood reports by political pundits and media outlets, it seems. Reuters’ latest report highlights how the reporting is never entirely accurate.
In their latest article on the jobs report released by the U.S. Conference of Mayors organization, Reuters pointed out how American workers are earning 23% less than their counterparts in 2008. That means that since Obama has been elected to office, Americans have seen their wages decrease in value over the past six years with no hope on the horizon.
Reuters said, “Jobs growth in the U.S. since the 2008 recession has been undermined by lower wages, with workers earning an average 23 percent less than earnings from jobs which were lost.”
The U.S. Conference of Mayors represents cities that have more than 30,000 in population.