Between The Lines On The Jobs Numbers

Breitbart.com posted an article today about the latest jobs report. The article points out that the dip in the unemployment rate was the result of over a half-million people dropping out of the workforce.

The article also points out:

Over the last five months, 73% of all jobs created were government jobs. Moreover, the unemployment rate for government workers plunged to 3.8% in November — which is considered full employment.

Logically, when the civilian workforce is smaller, fewer people are paying taxes, and the money to fund the government shrinks.

The article reminds us:

Even though deficits rule the day at every level of government, according to the Bureau of Labor Statistics, of the 847,000 new jobs created since June, a full 621,000 were government jobs. In November alone, 35,000 new government jobs were created.

In other words, as the labor participation rate plummets to a thirty year low — which means we have fewer taxpayers — we’re not only increasing the number of taxpayer-funded jobs, but the government is using the creation of these jobs to juice the employment numbers in a way that makes it look as though the job situation is actually improving.

I would be very surprised to see any of these numbers reported in the mainstream media.

Enhanced by Zemanta