Obama’s America: Private jobs continue to shrink, government jobs to expand
March 31, 2010 by marwick
Here we have the major issue with socialism and a “government takeover” of jobs. We’re seeing private sector jobs go away, while public sector (government) jobs grow. Of course, the government is funded by taxes on the private sector.
See a problem with this strategy down the road?
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Private-sector jobs in the U.S. dropped by 23,000 this month. Above, unemployed Americans line up as they wait to gain entry to meet employers at the Los Angeles Career Fair in March.
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Private payrolls fell in March, according to data released Wednesday. The news rattled investors and economists who had expected March would show a gain in payrolls.
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Private-sector jobs in the U.S. dropped by 23,000 this month, according to a national employment report published Wednesday by payroll giant Automatic Data Processing Inc. and consultancy Macroeconomic Advisers.
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The ADP survey tallies only private-sector jobs, while the Bureau of Labor Statistics’ nonfarm payroll data, to be released Friday, include government workers. The addition of workers for the 2010 census is expected to lift federal government payrolls.
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