Tuesday, January 12, 2010

Not to mention Democrats took over congress in January 2007

Jobs are sinking fast, what's being done to fix them?
So far nothing.
No relief for business, especially small business is in sight.
Government Healthcare and Cap-n-Tax are only making things worse, business won't hire in this climate.

The Bureau of Labor Statistics released the December employment report on January 8, and the mainstream media reported that 85,000 jobs were lost. The big story, as usual, was in the Household Survey. There was no mild leakage of 85,000 jobs there, but a whopping 589,000 jobs flushed down the drain.  Here are the numbers from the Bureau:

                                    |    Total        |     Change

Civilian labor force ....| 153,059,000|    -661,000

Employment .............| 137,792,000|    -589,000

Unemployment .........|  15,267,000|     -73,000

Not in labor force .....|  83,865,000|     843,000

These are the numbers used to calculate the unemployment rate. Note the reason why the rate didn't skyrocket. A total of 661,000 people dropped out of the labor force in one month. Don't think that things are going to get better any time soon.

But let's look beyond the numbers to the trends, also available from the Bureau of Labor Statistics. This is where things really get scary.


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