Just when you thought yesterday’s dismal jobs numbers couldn’t get any worse -- they did. According to CNSNews.com, nearly seventy-five percent of all civilian jobs created since the beginning of last summer are in the public sector:
Seventy-three percent of the new civilian jobs created in the United States over the last five months are in government, according to official data published by the Bureau of Labor Statistics.
In June, a total of 142,415,000 people were employed in the U.S, according to the BLS, including 19,938,000 who were employed by federal, state and local governments.
By November, according to data BLS released today, the total number of people employed had climbed to 143,262,000, an overall increase of 847,000 in the six months since June.
In the same five-month period since June, the number of people employed by government increased by 621,000 to 20,559,000. These 621,000 new government jobs created in the last five months equal 73.3 percent of the 847,000 new jobs created overall.
I’m not an economist but these breathtaking statistics seem to suggest that the private sector is evidently not -- in the words of the president --“doing fine.” And with his “signature” (i.e., job killing) legislative achievement slated to go into full effect during his second term -- it’s rather hard to imagine it'll be doing any better anytime soon.