Friday, April 4, 2008

The Real Employment Report

Numbers of wealth-producing jobs:

1. Minus 48 thousand construction jobs
2. Minus 51 thousand manufacturing jobs
3. Minus 35 thousand professional and business service jobs

Net loss: 134,000 wealth producing jobs.

Numbers of wealth-consuming jobs:

1. Plus 42 thousand education and health services jobs
2. Plus 18 thousand leisure and hospitality jobs
3. Plus 18 thousand government jobs

Net loss: 68,000 wealth-consuming jobs.

Manufacturing is down 310,000 jobs for the year. Local taxes are to rise 6% this year.

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