Skip to comments.Jobs update: Are you ready for this?
Posted on 02/22/2006 6:01:30 PM PST by AZRepublican
The Bureau of Labor Statistics recently re-benchmarked the payroll jobs data back to 2000. Thanks to Charles McMillion of MBG Information Services, I have the adjusted data from January 2001 through January 2006. If you are worried about terrorists, you don't know what worry is.
Job growth over the last five years is the weakest on record. The U.S. economy was more than 7 million jobs short of keeping up with population growth. That's one good reason for controlling immigration. An economy that cannot keep up with population growth should not be boosting population with heavy rates of legal and illegal immigration.
Over the past five years, the U.S. economy experienced a net job loss in goods-producing activities. The entire job growth was in service-providing activities - primarily credit intermediation, health care and social assistance, waiters, waitresses and bartenders, and state and local government.
U.S. manufacturing lost 2.9 million jobs, almost 17 percent of the manufacturing workforce. The wipeout is across the board. Not a single manufacturing payroll classification created a single new job.
The declines in some manufacturing sectors have more in common with a country undergoing saturation bombing during war than with a super-economy that is "the envy of the world." Communications equipment lost 43 percent of its workforce. Semiconductors and electronic components lost 37 percent of its workforce. The workforce in computers and electronic products declined 30 percent.
(Excerpt) Read more at ocala.com ...
So there are 7 million more unemployed than when Bush took office?
"Nonfarm payroll employment increased by 193,000 in January, and the
unemployment rate fell to 4.7 percent, the Bureau of Labor Statistics of
the U.S. Department of Labor reported today."
Has the unemployment rate ever been so low in your lifetime?
If this was true, why isn't the NYT on it like ugly on an ape? My BS meter is upwardly mobile.
This is at least the third time (that I've seen) that this Paul Craig Roberts bilge has been posted. Cherry picked stats don't make for an accurate presentation of the truth.
No manufacturing is good news. We need more low skilled jobs to keep the political class in power.
I checked the original thread and there are many terrific posts from FReepers about the economy over there.
holy overreaction batman
It certainly doesn't help but neither does outsourcing.
Looks like this was published today as a syndicated column in the Ocala newspaper, but in fact it was originally published elsewhere sometime last week.
This cartoon is so wrong. Anyone who can sell stuff, ideas, tangibles, services, can land a good job right now.
"United States is experiencing a job depression..."
So much for his opinion. What does he mean that the BLS "rebenchmarked" the statistics? If you change the way they are calculated, that does not alter the number of jobs you have.
I have the answer to this...
Recruit jobs at the Mexican boarder. Put them on a plane to Iraqi, accompanied by bags and bags of Portland cement. Send along a parish priest for every 2500 Mexicans.
This would solve our problem, and help with Iraqi at the same time.
Well, it sure looks like ANYONE can get a job writing columns, no matter how ignorant you might be.
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