Labor market remained strong in November as U.S. economy added 266,000 jobs

[Farmer-Rick]

24. I'll never forget that while I was in the Navy, I was instructed to do reports on the privitization

Of several administrative function on base. Each time my elaborate report would clearly show how privitization would increase the cost of doing that function (Here's a hint: extra layer of management to handle contracts and profits for the executives/owner.)

Each time, my report was edited and adjusted. They then tweaked the opposite conclusions and contracted it out.

Anyway the additional jobs being added are sales clerk jobs, not just because of the season. We are a nation of sales clerks. Reminds me of England in the 1800s when they were a nation of Servants to the filthy rich.

These small often part time jobs replaced once better paying, unionized jobs. These jobs will not give us a vibrant middle class like we use to have. But they will require a second and third job and little pay. Insuring the filthy rich keep even more of our national wealth as they borrow to buy back their stock.