Saturday, February 2, 2008

Jobs Report

Ding Ding Ding. The government reports a ‘loss’ of 17,000 jobs last month. Panic.

But look closer:

Construction Jobs: Down 27,000
Manufacturing Jobs: Down 28,000
Professional and Business Services: Down 11,000

We’ve been steadily hemorrhaging manufacturing jobs for a long time. You know, those jobs that create value and bring money into the economy.

Have no fear though:

Retail Jobs (Walmart): Up 11,000
Education and Health Services (mostly government entitlement programs): Up 47,000
Bars and Restaurants (All American Burger): Up 19,000

Just wait until Moody’s downgrades the government’s credit rating. We’re not electing a President this time, we’re electing a scapegoat.

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