Saturday, February 2, 2008
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.
Posted by Bill at 2:17 PM