Private Sector in U.S. Added More Jobs Over the Summer — American businesses added more jobs in the last three months than originally estimated, but the wheels of the economic recovery are still spinning in place. . . . . >>>
Editor's notes: here is perhaps the 10th similar headline we have seen today. In the face of an unemployment increase from 9.5 to 9.6 percent, the media is talking about the "private sector" and the 67,000 jobs its created during last month, as well. Suddenly, they want us to believe that all is well, or, at least, on the right track because the PRIVATE SECTOR is hard at work trying to make a living in spite of the Novice's meddlesome ways and amateurish economic theories. These desperate libs forget to tell the rest of the story. Indeed, the private sector will survive, but the net/net job totals for last month, in spite of the private sector, found the nation with 54,000 FEWER. Ditto for the month of July. June saw the loss of 175,000 jobs giving us a total of lost jobs for the summer at 283,000.
Understand that the key to the jobs recovery is the private sector. But it needs to create 150,000 to 200,000 jobs per month before we can speak of a sustainable jobs recovery.
There are some good signs, but we are a long way from bragging about the Summer of Recovery.
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