LAL Ltd. is a Registered Investment Advisor registered in both Missouri and Nevada, for which we are in compliance with current registration and notice obligations. Our Form ADV is available on request and also at the web site www.sec.gov/investor/brokers.htm
Tuesday, April 12, 2016
Why The Unemployment Rate Means Nothing
Last week Schnuck Supermarkets in St. Louis announced that its new distribution center would be staffed by an outside logistics firm. About 190 union workers will be discharged. The logistics firm may well actually increase the number of workers at the distribution center, thus helping to lower the unemployment rate; another reason for the Labor Secretary to boast about the number of net jobs created each month.
But the former workers earned between $14 and $22 an hour; the new people will early between $10 and $11 an hour. So more workers, less payroll.