Posted by Tina
Left pundits like Juan Williams are gushing this morning because the unemployment figure dropped to 8.8 following the announcement of 216,000 jobs created. It’s amazing what will make those lefties gush. The drop in unemployment is likely due in part to people dropping off the unemployment rolls rather than a sudden abundance of new jobs. And as John Podhoretz opined this AM:
Given the growth in the size of the American population, producing a little in excess of 200,000 jobs a month will not be enough to bring the unemployment rate back to a level at which the newly employed can–through their own economic activity–help to lower the rate still further.
Gallup released a finding this morning that flies in the face of leftist exuberance:
PRINCETON, NJ — Unemployment, as measured by Gallup without seasonal adjustment, was 10.0% in March — down from 10.2% in mid-March and 10.3% at the end of February, but above the 9.8% at the end of January. U.S. unemployment was 10.4% at the end of March a year ago.
It’s the beginning of the next election season. Democrats know the economy, jobs and high energy prices won’t help them. Undoubtedly the spin has begun.
Probably most of our better analysts would agree we are slowy improving, despite all the potentials for setbacks like inflation and the massive debt load. So Yeah, I think some of those unemployment numbers is due to hiring, but nothing to get too excited about. One thing I firmly believe is that it has nothing to do with Obama policies, his spending has only held us back.
The problem is the jobs are in the public sector which requires more/higher taxes to pay for. Below is an interesting article from the WSJ by Stephen Moore posted on the Blaze.
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Early this morning the government released jobs numbers that offered some hope. Then Stephen Moore printed this article in the Wall Street Journal that may just suck every last bit of said hope out of you: more people work for the government than work in construction, farming, fishing, forestry, manufacturing, mining and utilities combined.
Here are the depressing numbers:
Today in America there are nearly twice as many people working for the government (22.5 million) than in all of manufacturing (11.5 million). This is an almost exact reversal of the situation in 1960, when there were 15 million workers in manufacturing and 8.7 million collecting a paycheck from the government.
It gets worse. More Americans work for the government than work in construction, farming, fishing, forestry, manufacturing, mining and utilities combined. We have moved decisively from a nation of makers to a nation of takers. Nearly half of the $2.2 trillion cost of state and local governments is the $1 trillion-a-year tab for pay and benefits of state and local employees. Is it any wonder that so many states and cities cannot pay their bills?
Every state in America today except for twoIndiana and Wisconsinhas more government workers on the payroll than people manufacturing industrial goods. Consider California, which has the highest budget deficit in the history of the states. The not-so Golden State now has an incredible 2.4 million government employeestwice as many as people at work in manufacturing. New Jersey has just under two-and-a-half as many government employees as manufacturers. Floridas ratio is more than 3 to 1. So is New Yorks.
Even Michigan, at one time the auto capital of the world, and Pennsylvania, once the steel capital, have more government bureaucrats than people making things. The leaders in government hiring are Wyoming and New Mexico, which have hired more than six government workers for every manufacturing worker.