Posted on 10/24/2010 6:57:43 PM PDT by NaturalBornConservative
In Search of Private Sector Jobs
By: Larry Walker, Jr.
Without question, the majority of private sector jobs created in 2010 were created in the Service Sector. Understanding precisely where is quite revealing. After my last blog post, I received the following comments, from a blogger known as Patriot01: “Ever notice that they never say what KIND of jobs they've allegedly "created"? And I'd like an itemized list of the jobs "saved".........wouldn't you?” Well, of course I would, wouldn’t you? Are you ready?
Education and Health Services
Drilling down into the numbers, we found that most of those jobs were created in the Education and Health Services sub-sector. Yet when we analyzed this sector, we found that job growth has been fairly constant, even throughout the recession. In fact, you can call this a recession proof sector (graph and table below).
Series Id: CES6500000001 Seasonally Adjusted Super Sector: Education and health services Industry: Education and Health Services NAICS Code: - Data Type: ALL EMPLOYEES, THOUSANDS
Under President Bush, job growth in this sub-sector averaged 465,000 jobs per year, even during the worst of the recession. So far under Obama, annual job growth in this sub-sector is averaging around 332,000. So although the industry has been virtually recession proof, the number of jobs created under Obama is on the decline.
Under President Bush a total of 3,720,000 jobs were added to this sub-sector during his eight-year term. And so far under Obama a total of 578,000 jobs have been created. In terms of percentages, during the Bush years the sub-sector grew at an average of 2.8% annually, while under Obama average job growth has cooled to 1.7%.
So does this look like anything remotely close to proof of the absurd statement that, “Obama created more jobs in 2010 than Bush did in eight years?” Not hardly. But there’s more.
Employment and Temporary Help Services
The other sub-sectors where we discovered job growth in 2010 were Employment Services, and more specifically Temporary Help Services. So far this year, we have recovered 228,000 jobs in Employment Services, and out of those, 218,000 were under the sub-category of Temporary Help Services (graphs and tables below). Add these to the 261,000 jobs created in the, recession proof, Education and Health Services sector, and together they account for 489,000 jobs "created" in the last nine months, or basically the whole enchilada.
Series Id: CES6056130001 Seasonally Adjusted Super Sector: Professional and business services Industry: Employment Services NAICS Code: 5613 Data Type: ALL EMPLOYEES, THOUSANDS
Series Id: CES6056132001 Seasonally Adjusted Super Sector: Professional and business services Industry: Temporary Help Services NAICS Code: 56132 Data Type: ALL EMPLOYEES, THOUSANDS
Busted Again!
So there it is, Obama’s greatest feat to-date is that he has managed to slow job growth in the Education and Health Services sector, which has always been recession proof; and he has only managed to recover jobs in the Temporary Help Services sub-sector. And this, his cohorts call a great success? Those of us who are rationally-minded beg to differ.
We wonder how long our economy can sustain itself through providing temporary job search services, especially when the type of jobs people want no longer exist. Meanwhile, our non-existent Goods-Producing sector has hemorrhaged 6,524,000 jobs over the last 10 years, and nothing is being done about it. Where are those jobs? In China.
Charts and Tables from the Bureau of Labor Statistics, Establishment Data, Table B-1 (here).
I find it interesting how a moderator will mess with my post by reclassifying it when they will turn around and allow a double post to slide without being pulled.
The post I put up was about a Democrat on the house floor, that has not been reported almost anywhere else, so it is a headliner. By allowing NaturalBornConservative to double post it makes the moderator look shady.
That's just not true. During the Bush years of 5% unemployment the media constantly told us they were all "McJobs".
There is no doubt that the media would let us know if the jobs Obama claims weren't six digit, lifetime jobs.
/S
After the election, get ready for the administration to report adjusted unemployment numbers which shows a much higher unemployment then they have reported.
They did not want the truth to hurt them in the election.
how does “Bush” or “Obama” create jobs ?
thanks...I should have used a sarcasm tag or something.
It drives me nuts when these types of crap comparisions are made by commentators.
all a president can do is help create an environment where business can thrive, then get out of the way and let it.
I agree.
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