Saturday, July 10, 2004
Growth industry
Good news, says the Star, employment is up, good jobs too. The leader in job production? Why, the always efficient, innovative government sector. More of the same, sheeple! You think taxes are high now? Just watch.
An increase in the number of people seeking work — itself a sign of increased optimism — more than offset new hires, pushing the unemployment rate to 7.3 per cent from 7.2 per cent in May. Service providers, led by 20,600 new jobs in retail trade, did most of the hiring in June. Governments added 31,500 positions, while private-sector employers cut their payrolls 6,700, though levels are still 164,600 higher than a year earlier.
A glaring weakness in yesterday’s employment report was a loss of 11,800 manufacturing jobs, offsetting a gain of 11,500 in May.
Karl Marx would be proud.