The Crowding Out Of The Private Sector

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The following paragraphs are from the Bureau of Labor Statistics website--the numbers are from their press release of early June detailing employment information for May.  The boldface type was my addition.

"Temporary help services added 31,000 jobs over the month; employment
in the industry has risen by 362,000 since September 2009.

"Employment in mining continued to increase in May, with a gain of
10,000. Support activities for mining accounted for 8,000 of the over-
the-month increase. Since October 2009, mining employment has expanded
by 50,000.

"Health care employment was little changed in May (+8,000). Over the
prior 12 months, health care employment had increased by an average
of 20,000 per month.

"In May, employment in construction declined by 35,000, largely off-
setting gains in the industry in the prior 2 months. May's job loss
was spread throughout the sector.

"Employment in other private-sector industries, including wholesale
trade, retail trade, transportation and warehousing, information,
financial activities, and leisure and hospitality showed little or
no change in May.

"Government employment rose by 390,000 in May. The Federal government
hired 411,000 temporary workers for Census 2010, bringing total tem-
porary census staffing during the payroll survey reference period to
564,000. Employment in state government excluding education decreased
by 13,000.

"In May, the average workweek for all employees on private nonfarm pay-
rolls increased by 0.1 hour to 34.2 hours. The manufacturing workweek
for all employees increased by 0.3 hour to 40.5 hours. The average
workweek for production and nonsupervisory employees on private non-
farm payrolls increased by 0.1 hour to 33.5 hours over the month.


"Average hourly earnings of all employees in the private nonfarm sector
increased by 7 cents, or 0.3 percent, to $22.57 in May. Over the past
12 months, average hourly earnings have increased by 1.9 percent. In
May, average hourly earnings of private-sector production and nonsuper-
visory employees increased by 4 cents, or 0.2 percent, to $18.99."

As the government takes over more of the economy, it will crowd out the private sector.  As long as the government continues to grow at its present rate, the wealth of individuals in America will decrease.  When you take money from the producers in a society and give it to the non-productive members, the number of non-productive members increases, and the number of producers decreases.  That is the direction of the current Congress and President.  If America is to recover fully from its current financial woes, we need a total change of direction.  I strongly suggest voting Republican in November.  That won't solve the problem totally, but it will begin to take the wind out of the sails of those moving us into a socialist direction.

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This page contains a single entry by Granny G published on June 25, 2010 12:46 PM.

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