73% Of New Jobs Created In Last 5 Months Are In

Government

 

 

 ” The United States government is propping up the dismal labor market by simply absorbing workers into its ranks. As CNS News reports, 73.3% of new civilian jobs in the last five months are due to government hiring:

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.

Elsewhere on the employment front, the mainstream media are doing cartwheels over news that the unemployment rate ticked down from 7.9% in October to 7.7% in November. The celebration comes as 540,000 dropped out of the workforce, and the labor force participation rate dropped to 63.6%. This is slightly up from the thirty-year low of 63.5% in September.”

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