Government Job Growth

http://www.futureofcapitalism.com/2010/06/government-job-growth

The federal Bureau of Labor Statistics has released the employment data for May: "Government employment rose by 390,000 in May. The Federal government hired 411,000 temporary workers for Census 2010...Private-sector employment changed little (+41,000)...In May, the civilian labor force participation rate edged down by 0.2 percentage point to 65.0 percent....Among the marginally attached, there were 1.1 million discouraged workers in May, up by 291,000 from a year earlier. (The data are not seasonally adjusted.) Discouraged workers are persons not currently looking for work because they believe no jobs are available for them." None of this is particularly good news, unless you are a Republican running for office or an employer looking to hire people. The increase year over year in the number of discouraged workers is particularly, well, discouraging, because that is a year during which we've been told an economic recovery has begun and the effects of the "stimulus" spending have been brought to bear.

by Ira Stoll  |  Jun 4, 2010 at 9:09 am Related Topics:  Politics, President Obama, Stimulus receive the latest by email: subscribe to the free futureofcapitalism.com mailing list