Home
Refresh   Tag(s): ; ; ; ; ; ; ; ; ; ; (more...)  (less...)
Add to My Group
March 8, 2008 at 07:42:25

View Ratings | Rate It

Job Loss for February Much Higher than 63,000

submit to twitter
submit to reddit
submit to digg

Tell A Friend

By Christopher Wright (about the author)     Page 2 of 2 page(s)

opednews.com     Permalink

Temp Empl Svcs               -28,000

Jobs Gained, February 2008

Prof. & Bus. Svcs              +26,000

Health Care                      +36,000

Food Services                   +12,000

Anyway that I look at it, the number of jobs lost is 123,000! If you subtract the number of jobs 'gained'  74,000)((in lower paying service industries for the most part), the final tally of employment lost is 49,000 jobs. If you put it in dollar figures, however, I expect the losses outweigh the gains at least 3 to one.

So, there is the first conundrum. When you read that 63K jobs are lost, then add and get 123K jobs actually lost, you begin to wonder. Subtracting the lesser paying (for the most part) jobs gained doesn't give a comparative number either.

Now, it is true that the report out on Friday was a synopsis – with preliminary numbers. The full report won't be public until April 4th and will give more specificity to the vague job losses mentioned and not counted here, like:  giving some  job gains in 2007 monthly averages and giving whole 2007 yearly numbers for the financial/credit industries

Government will always present the numbers to its advantage. It is, after all, selling something.  With that in mind, look at all government (and everybody else's) numbers with a jaundiced eye and even if you are simple, like me, try to check it out yourself. If it doesn't seem to make sense, trust your instincts. Personally, I think they are gilding the lily!

Considering these are the things they are telling us, in some fashion at least – I am really, really worried about what they are not telling us.......

Next Page  1  |  2

 

Christopher is a retired Mayflower family, Navy Vet, flower child, Mensan and a long-time rural Alaskan with a lifetime or two in Social Sciences and cross-cultural endeavors. He has a terminal graduate degree and is heading into his terminal years (more...)
 

The views expressed in this article are the sole responsibility of the author
and do not necessarily reflect those of this website or its editors.

Contact Author Contact Editor View Authors' Articles

 

Book Recommendations for "Decline Dollar Economy"
Mike Ruppert on Gold - The effects of Peak Oil on the Global Economy...a radio interview
by Mike Ruppert

$9.99

Number of pages:
Publisher: From the Wilderness

View All Book Recommendations

Share this page: (what's this?)                   Tell a Friend: Tell A Friend

FACEBOOK      DIGG THIS      Add This Page to Mr Wong!           NEWSVINE      DEl.ICIO.US      Looksmart Furl      NETSCAPE      My Web      Tag!RawSugar      Blink List     (More...)

Comments: Expand   Shrink   Hide  
8 comments
To view all comments:
Expand Comments
 

Government reports can be hard to read by Grady Cash on Saturday, Mar 8, 2008 at 8:39:18 AM
Yep by Christopher Wright on Saturday, Mar 8, 2008 at 9:05:49 AM
The phantom birth-death formula added 135,000 jobs, too by gordon nelson on Saturday, Mar 8, 2008 at 12:16:20 PM
Ah-ha! by Christopher Wright on Saturday, Mar 8, 2008 at 12:42:24 PM
Elaine Chao by victorberry on Saturday, Mar 8, 2008 at 5:39:23 PM
how many Bush operatives @ BLS? by gordon nelson on Saturday, Mar 8, 2008 at 8:28:16 PM
Gordon by Mike Folkerth on Saturday, Mar 8, 2008 at 11:11:07 PM
jobless and uncounted by ALONE on Sunday, Mar 9, 2008 at 2:28:21 PM

 
Want to post your own comment on this Article? Post Comment


 

 

 

Tell a Friend: Tell A Friend

Copyright © 2002-2009, OpEdNews

Powered by Populum