In the internal data the "Information" category of workers were particularly-alarming; these are people with average gross incomes over $100,000 a year, incidentally, and they lost on both hourly wage and average weekly checks. Looks like Kroger's announcement of moving an entire department to India (because its cheaper, of course; Kroger has zero stores in India) is not a one-off and in fact part of a trend that we refuse to put a stop to, whether its here in the United States via imports or just flat-out exporting the jobs and deleting those people from productive work (and the paying of taxes, of course.)
The big issue from a standpoint of the market is that it expected a crap headline number thus justification for no rate hikes. Wrong. Not on this report it isn't, and I will remind everyone once again that the issue isn't how much money you make -- it is how much, given your salary, that money buys.
