Report: U.S. Is Creating Lousy Jobs

By Dunstan Prial

An analysis of recent labor market data shows that while the number of jobs created in early 2012 exceeds that of a year ago, the jobs added to U.S. payrolls paid less than those created in early 2011.

In the first four months of fiscal year 2012, employment and withheld income tax reported by the U.S. Treasury were down $310 million from the same period a year earlier, according to statistics compiled by the Financial Management Survey, a division of the U.S. Treasury.