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Politics : American Presidential Politics and foreign affairs -- Ignore unavailable to you. Want to Upgrade?

To: Peter Dierks who wrote (44140)	7/13/2010 12:04:10 AM
From: Peter Dierks	Read Replies (1) \| Respond to of 71588

The jobs report – the rest of the story July 2nd, 2010, 12:03 pm · 13 Comments · posted by Mark Landsbaum As Paul Harvey used to say, “Now the rest of the story“: At first blush, the June jobs data might appear encouraging. The private sector added jobs, an increase of 83,000. But a household survey, which the Small Business & Entrepreneurial Council says “better captures entrepreneurial start up and small business activity,” tells a different story. “According to that survey,” says SB&EC’s President Raymond J. Keating, “the number of employed actually fell by 301,000, the second consecutive month of decline. After an earlier four-month increase, from April through June, the economy lost 336,000 jobs.” You won’t hear the Obama administration fess up to that. Keating also points out that the touted decline in the unemployment rate to 9.5 percent from May’s 9.7 percent and April’s 9.9 percent is more than misleading. “The civilian labor force fell at an even faster rate, by 652,000 in June, and by 974,000 from April to June,” Keating says. “So, nearly a million individuals exited the labor force over the past two months. That’s a glaring indicator of a discouraged workforce.” The Obama administration deigned to concede that the unemployment rate went down because a lot of people just quit looking for work, which means they no longer are “officially” unemployed. We wonder what government term best describes them. Forgotten? Unimportant? Dead? REMEMBER THAT PROMISE? Keating rightly makes this point: “Given the current and expected public policy climate – focused on jacking up costs on businesses, entrepreneurs, investors and banks through higher taxes, increased regulation, and an overall expansion of government – no one should be surprised that entrepreneurship is suffering.” Don’t ya love government’s approach to economics? Oh, by the way, there still are 339,000 Census workers on government payroll, whose jobs soon will disappear. July could be another month with a whopping loss in jobs. And then there’s January when the Bush tax cuts end, which means taxes increase. Ah, what the heck. Let’s raise taxes some more, especially on corporations. Oh wait, that’s right. The corporations will either pass the cost on to their customers, or hire fewer employees. What do you say? =-=-= At the real rate of job growth, we'll have full employment when • the moon's blue • the 4th of July no longer is a national holiday • Obama's in his second term View Results orangepunch.ocregister.com