Friday, June 4, 2010
Morning Bell: The Jobless Obama Recovery
Conn Carroll of The Heritage Foundation posted this illuminating piece on the Foundry Blog this morning.
Morning Bell: The Jobless Obama Recovery | The Foundry: Conservative Policy News.
And now the Labor Department’s Bureau of Labor and Statistics released its monthly jobs report today showing that the economy added 431,000 jobs in May. But don’t let that number fool you. Of those 431,000 jobs, 411,000 jobs were temporary government Census jobs. In fact, private sector job growth actually fell in May, from 231,000 new private sector jobs in April to just 41,000 new private sector jobs in May.
The Census jobs obtained by 411,000 Americans last month are temporary jobs. That means by the end of this year, those 411,000 Americans will be through with temporary government work and will be looking for real work in the private sector. But the private sector will not be able to adsorb them.