More jobs - less financial security?

More Jobs do not equal Financial Security. 

Especially if the jobs are part time, low pay, or involve low skill work.

Who is kidding whom about the economic recovery?  PB
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From the Associated Press online:

The U.S. economy is churning out a lot of jobs these days but not a lot of financial security for many of the people who hold them.

Pay growth, though improving, remains tepid. Many workers have few opportunities to advance.

Others have taken temporary, part-time or freelance jobs, with little chance of landing full-time permanent work with benefits.

As a result, many jobs don't deliver as much economic punch as they used to.  Part of the reason is that U.S. workers have grown less efficient in recent months.

When they produce less per hour of work, their earnings power shrinks.

So the economy doesn't fully benefit from the fuel that healthy job growth normally provides.

The result is a disconnect between the high number of job gains and a nagging dissatisfaction among some, both job holders and job seekers...

Nearly half of Americans say they couldn't afford an emergency expense of $400 without borrowing or selling something they own, according to a survey released by the Federal Reserve.

A striking 60 percent of those surveyed said they expect to go without a pay raise over the next 12 months...

One reason the number of new jobs has stayed strong despite sluggish economic growth is that workers have grown less efficient.

Lower productivity can force employers to hire more in the short run.

But it also holds down pay. Higher productivity, by contrast, would enable employers to pay more without having to raise prices on their products...

Many of the jobs added since the Great Recession ended in 2009 have been part time in low-paying industries.

Those jobs deliver less economic fuel.  Nearly 6.7 million part-timers would prefer full-time work - a figure that's fallen in recent years but remains far above the pre-recession level of 4.6 million.

The number of self-employed has also jumped nearly 1.6 million in the past year to 16.2 million, nearly back to pre-recession levels.

The self-employed include independent construction contractors and high-priced consultants but also freelancers who struggle to get by.

Growth in those areas suggests that more Americans are cobbling together livelihoods from piecemeal work...
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Link: http://hosted.ap.org/dynamic/stories/U/US_JOB_MARKET_LESS_BANG_FOR_BUCK?SITE=AP&SECTION=HOME&TEMPLATE=DEFAULT&CTIME=2015-06-06-11-06-22