Friday, April 02, 2010

Where Are the *Real* Jobs?

Liberals are touting today's jobs report as some sort of breakthrough.

But economists sounded a cautious note, pointing out that a sizable portion of the growth came from the government’s hiring of 48,000 census workers, mostly temporary jobs.

You know your economy is weak when you are having to cheer the hiring of temporary workers. But let's do some remedial math:

162,000 new jobs minus 48,000 temporary census workers equals 114,000. And according to the labor department, the economy has to create 100,000 jobs each month just to keep up wiht new entrants. So, in other words, 14,000 jobs were created that cut into the unemployed ranks. Now that's something to cheer about!

The unemployment rate is still 9.7% and that rate is supposed to remain for the rest of the year. Liberals are simply pathetic when they try to paint this as "the economy turning around." But with Teh One's approval numbers in the tank, what's a good sycophant to do? Too bad for them that we know better.