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Post by kramer on Dec 24, 2009 14:10:32 GMT -6
According to this NYTimes article, only 121,000 jobs were created in the private sector in the last 10 years.
My question is, is this number calculated by taking the total jobs created minus the total jobs shipped overseas? (I find it hard to believe that it doesn't subtract the offshored jobs.)
Kramer
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Post by unlawflcombatnt on Dec 24, 2009 18:18:21 GMT -6
According to this NYTimes article, only 121,000 jobs were created in the private sector in the last 10 years. As of now, there's actually been a loss of -1.3 million jobs over the last 10 years. data.bls.gov/PDQ/servlet/SurveyOutputServlet?&series_id=CES0500000001I think the offshored jobs are THE reason why there's been no private employment growth. I think they are effectively subtracted, since they are not added here. We need at least a 1% annual growth of jobs just to keep up with population growth. But we need a higher rate in non-recession years to offset the jobs lost in recessions like this one and the 2001-02 recession. And since we haven't had that, we've seen a net loss in private jobs of -1.3 million since November 1999, while our population has increased by +25-30 million.
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Post by kramer on Dec 31, 2009 16:17:05 GMT -6
According to this NYTimes article, only 121,000 jobs were created in the private sector in the last 10 years. As of now, there's actually been a loss of -1.3 million jobs over the last 10 years. data.bls.gov/PDQ/servlet/SurveyOutputServlet?&series_id=CES0500000001I think the offshored jobs are THE reason why there's been no private employment growth. I think they are effectively subtracted, since they are not added here. We need at least a 1% annual growth of jobs just to keep up with population growth. But we need a higher rate in non-recession years to offset the jobs lost in recessions like this one and the 2001-02 recession. And since we haven't had that, we've seen a net loss in private jobs of -1.3 million since November 1999, while our population has increased by +25-30 million. Looking at the following graph, it shows that every time we came out of a recession, the number of manufacturing jobs increased EXCEPT for the last two recessions: linkClinton singed PNTR (Permanent Normalized Trade Status) for China around October-November of '00. I think this is one of the main reasons why we are losing jobs (NAFTA being another one). Looking at the graph above, this is about the time frame that the number of jobs drop. Interestingly, Joe Liberman came out with a report on offshoring. The very first sentence says "Since November 2000, close to three million Americans have lost their jobs." And this is just for manufacturing jobs. I find this report interesting because Clinton signed PNTR around Oct, Nov of '00 and Lieberman starts his report from Nov of '00. By the way, that report was dated '04 which means we probably lost almost 7 million manufacturing jobs to date. Add in service sector jobs and I bet the number is well over ten million jobs sent overseas. Kramer
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Post by spudbuddy on Jan 17, 2010 23:11:32 GMT -6
the by-product of too many jobless recoveries, what? I say - keep your damned "recovery" and all its attendant creative paper camouflage...it may give media analysts something to yap about, but what it really costs in terms of human lives is criminal.
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