Posted: May 8, 2013 8:57 PM by Associated Press
WASHINGTON (AP) - The nation's slowly improving jobs picture hides problems like stagnant wages and fewer working hours that strike directly at President Barack Obama's base of support - young people, racial minorities and the less affluent.
As the president launches a new focus on jobs, his traditional allies contend that Obama has put too much of an emphasis on a deficit-cutting grand bargain with Republicans at the expense of creating jobs.
New college graduates face a downbeat labor market. The unemployment rate for workers under age 25 with at least a bachelor's degree has averaged 8.2 percent, compared to 5.4 percent in 2007.
A new study found that nearly 2 million private-sector employees paid with taxpayer dollars earn wages too low to support a family.
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