Originally Posted by
satchip
Bar, in re your previous post about job trends. How many of those new jobs or positive motion is due to government jobs? Real private sector unemployment is around 16% while government employment is around 2-3%. I agree with your correlation to our future hinges on the employment numbers, I just don't see it improving soon.
Hope I'm wrong...
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Satch;
4Q GDP growth was adjusted downward significantly from the initially reported 5.7% because the growth was including Goobermint job growth and stimulus effect. Some adjustments have been as low as .3% growth total. IOW our children paid for good 4Q numbers.
I agree with your assesment about employment in the private sector. It takes a robust private secor to fund a decent public sector, not vice versa.
When the talking heads say "jobless recovery" I hear no recovery. I hope I am just a jaded naysayer.
Scambo