INTRODUCTION
It is surprising that an economy growing at a rate of 2% or less creates only a few jobs. Job growth has slowed. It is the latest sign that economic momentum has faded even as it shows. Labour department has reported an increasing number of people who have lost their jobs permanently. The question arises is whether this slowdown is permanent or just a response to a weak economy. If we see further we will see that workers are taking less paid jobs because there is nothing else available to them.