Friday, September 5, 2008

The Real Jobs Report

Value Producing Jobs:

Construction: minus 8,000
Manufacturing: minus 61,000
Retail: minus 20,000
Professional and Business Services: minus 53,000

Value Consuming Jobs:

Education and Health Services: plus 55,000
Government: plus 17,000

The real number is not 84,000, it is 214,000. This is nothing new. Our society has gotten everything it has asked for.

I went to Cabela’s yesterday at 6pm. There were 21 cash registers and one was open. When I walked in, there was one person at that cash register. When I walked out there was again only one person at the one cash register. They were buying birdfeed.

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