Good news is bad news, and bad news is good news. . . It’s getting kinda hard to keep track of it all. Also, Dan Epstein from Cause for Action joined John to talk about Obama’s most recent nominee for Labor Secretary.
Let’s start with a look at the number of bureaucrats over time in Greece. You don’t need to read Greek to see that featherbedding exploded over the past 35-plus years.
According to the household survey (on which the unemployment rate is based) the economy added a healthy 170,000 jobs. However, a whopping 446,000 of those jobs were part-time jobs. Simply put, the economy shed 276,000 full-time jobs.