Watching the Economy Crumble

HUMAN EVENTS ^ | Aug 9, 2005 | Paul Craig Roberts

[Willie Green]

The United States continues its descent into the Third World, but you would never know it from news reports of the Bureau of Labor Statistics' July payroll jobs release.

The media give a bare-bones jobs report that is misleading. The public heard that 207,000 jobs were created in July. If not a reassuring figure, at least it is not a disturbing one. On the surface, things look to be pretty much OK. It is when you look into the composition of these jobs that the concern arises.

Of the new jobs, 26,000 (about 13 percent) are tax-supported government jobs. That leaves 181,000 private sector jobs. Of these private sector jobs, 177,000, or 98 percent, are in the domestic service sector.

Here is the breakdown of the major categories: 30,000 food servers and bartenders, 28,000 health care and social assistance, 12,000 real estate, 6,000 credit intermediation, 8,000 transit and ground passenger transportation, 50,000 retail trade and 8,000 wholesale trade.

(There were 7,000 construction jobs, most of which were filled by Mexicans.)

[Willie Green]

ping

[johniegrad]

Already posted.

[MikefromOhio]

The United States continues its descent into the Third World, but you would never know it from news reports of the Bureau of Labor Statistics' July payroll jobs release.

ahhh yes, it hasn't been a good week for you LOL!!!!

[Clemenza]

http://www.freerepublic.com/focus/f-news/1460467/posts

[hang 'em]

Willie, we can always tell when you run out of Prozac.

[Willie Green]

Already posted.

A search on the title word "crumble" produced no such duplicate.
If it was posted under a different title, please provide a link.

[stm]

This guy gives village idiots a bad name. If 5% unemployment makes us a third world country, what the hell does that make most europe, where many countries are in double digits?????

This guy needs to pull his bottom lip over his head and swallow

[johniegrad]

It was already posted under another title.

[Willie Green]

Thanks for the link.
Same article, but different source with a different title.

[Russ]

Sorry I can't comment more on this but I can't type and wring my hands at the same time...

[Willie Green]

It was already posted under another title.

Yeah, well there's nothing that I can do about that.
It would be nice to be able to do an article search by author,
but unfortunately, we don't have that capability.

[johniegrad]

I only posted duplicate for your information in case you wanted to withdraw the thread.

[cripplecreek]

I'm not seeing these jobs. It's really starting to look like the 20 million jobs the democrats claimed were created under Clinton.

[RightWhale]

There are help wanted signs all over town today. If the economy is headed down the chute at this time, it isn't obvious locally.

[dennisw]

btt

[BenLurkin]

http://www.freerepublic.com/focus/f-news/1460676/posts

[ex-snook]

What is seen is Government construction projects. This was the remedy of the WPA used by Roosevelt to provide work which private industry did not provide. If you see a lot of government funded projects going on, the economy is not doing that well.

[dfwgator]

[massgopguy]

When will Je$$e say that these ARE "HAMBURGER FLIPPERS"?
According to Fast Food Nation:The mCdonaldization of America, the fast food business had its peak employment in 1996. Who was president? Hint: He suppressed Able Danger!