Low quality job creation to restrain income growth

It is encouraging that, even allowing for the modest drop back in September, the payroll survey suggests employment growth picked up in the third quarter. Unfortunately, over the past year, payroll job gains have been less impressive and, more worryingly, concentrated in sectors that pay below average wages and offer employees fewer hours of work each week. Simply put, even if the quantity of new jobs is improving, the quality of those jobs remains a big problem.