No Jobs For Americans
the Bureau of Labor Statistics (BLS) announced that 227,000 new nonfarm payroll jobs were created by the economy during February. Is the government’s claim true?
No.
Home » bureau of labor statistics
You are browsing entries tagged with “bureau of labor statistics”
State of the State Update: It’s Worse Than We Thought
By Matt Mayer
President of The Buckeye Institute for Public Policy
With the March 2010 employment data, the U.S. Bureau of Labor Statistics (BLS) revised its state employment data back to 1990 (www.bls.gov/eag/eag.oh.htm). As you may recall, our report, “State of the State: Two Decades of Weak Job Growth and Skyrocketing Government Costs Pose Daunting Challenges for Ohioans,” highlighted several sobering pieces of BLS employment data (original data from the report in parens below). The new BLS data paints an even more troubling outlook for Ohio.
Specifically, from January 1990 to January 2000, Ohio’s job market added 714,900 jobs (720,200), which was the 37th best in America. From January 2000 to January 2010, Ohio’s job market lost 635,000 jobs (544,100), which was the 2nd worst in America. From January 1990 to January 2010, Ohio had the 3rd (6th) worst job market in America — Ohio added a net of 79,900 jobs (176,100) over 20 years, or less than 4,000 per year (9,000) for Ohio’s 11.4 million people. This growth amounted to an increase in jobs of 1.9% (4%) from 20 years earlier. Only Rhode Island (-1.7%), Michigan (-2.2%), and Connecticut (-4.9%) had worse job markets.
As a point of comparison, in January 1990, Ohio had 714,800 (714,000) people working in government. As of January 2010, 781,900 (789,100) Ohioans worked in government. Thus, from January 1990 to January 2010, Ohio added 67,100 (75,100) government jobs. That means that for every 1.19 jobs created over those 20 years in the private sector, Ohio added 1 government job. This ratio is the 4th worst in America, exceeded only by New Jersey (.96), Connecticut (-1.93), and Michigan (-3.54).
The Offshored Economy
By Paul Craig Roberts
In the 20th century, Detroit, Michigan, symbolized American industrial might. Today it symbolizes the off-shored economy.
Detroit’s population has declined by half. A quarter of the city — 35 square miles — is desolate with only a few houses still standing on largely abandoned streets. If the local government can get the money from Washington, urban planners are going to shrink the city and establish rural areas or green zones where neighborhoods used to be.
President Obama and economists provide platitudes about recovery. But how does an economy recover when its economic leaders have spent more than a decade moving high productivity, high value-added middle class jobs offshore along with the Gross Domestic Product associated with them?
Some very discouraging reports have been issued this month from the Bureau of Labor Statistics. There have been record declines in both jobs and hours worked. At the end of last year, the U.S. economy had fewer jobs than at the end of 1997, 12 years ago. Hours worked at the end of last year were less than at the end of 1995, 14 years ago.
State of the State Update: It’s Worse Than We Thought
By Matt Mayer
hat tip: Buckeye Institute
March 11, 2010
With the March 2010 employment data, the U.S. Bureau of Labor Statistics (BLS) revised its state employment data back to 1990 (www.bls.gov/eag/eag.oh.htm). As you may recall, our report, “State of the State: Two Decades of Weak Job Growth and Skyrocketing Government Costs Pose Daunting Challenges for Ohioans,” highlighted several sobering pieces of BLS employment data (original data from the report in parens below). The new BLS data paints an even more troubling outlook for Ohio.
Specifically, from January 1990 to January 2000, Ohio’s job market added 714,900 jobs (720,200), which was the 37th best in America. From January 2000 to January 2010, Ohio’s job market lost 635,000 jobs (544,100), which was the 2nd worst in America. From January 1990 to January 2010, Ohio had the 3rd (6th) worst job market in America — Ohio added a net of 79,900 jobs (176,100) over 20 years, or less than 4,000 per year (9,000) for Ohio’s 11.4 million people. This growth amounted to an increase in jobs of 1.9% (4%) from 20 years earlier. Only Rhode Island (-1.7%), Michigan (-2.2%), and Connecticut (-4.9%) had worse job markets.
As a point of comparison, in January 1990, Ohio had 714,800 (714,000) people working in government. As of January 2010, 781,900 (789,100) Ohioans worked in government. Thus, from January 1990 to January 2010, Ohio added 67,100 (75,100) government jobs. That means that for every 1.19 jobs created over those 20 years in the private sector, Ohio added 1 government job. This ratio is the 4th worst in America, exceeded only by New Jersey (.96), Connecticut (-1.93), and Michigan (-3.54).
-
Designed by