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Economy

Greedy government oppresses more of the working class by laying people off

2010-10-08

Private companies added 64,000 new jobs in September but more government layoffs means a net loss of 95,000 jobs. The unemployment rate remained unchanged at 9.6 percent.

It was the fourth straight month of net losses due to dropping government payrolls and little hiring in the private sector.
and...
The jobless rate has now topped 9.5 percent for 14 straight months, the longest stretch since the 1930s.
Bambi is right. The recession is over. It is a depression now and he and his goons are to blame for it.

Posted by:DarthVader

#4 The good news is that government payrolls are down. Specifically, according to a discussion I heard on NPR this afternoon, at the state and local level, as the sub-federal governments strive to bring spending closer to actual tax receipts. As one of the interviewees said, they have thirty years of sub-federal spending to catch up on, so it's going to take a while -- hopefully less than the thirty years it took to get there, was my startled thought.

Federal payroll levels aren't going to fall until we get veto-proof Republican majorities in both House and Senate... if those Republicans are all firmly in the smaller government camp.

Posted by: trailing wife 2010-10-08 22:55

#3 ..once businesses got through the 'back to school' sales and activity, they could cut expenses with fewer employees. Several states have a sales tax moratorium on school related supplies and clothes for a weekend just before the academic year begins. Big sales weekend. Expect a retail business blip for that time. People will still spend on 'necessities'.

Posted by: Procopius2k 2010-10-08 12:03

#2 Don't forget:

As Gallup said in their report yesterday, layoffs in the private sector turned up sharply in Sept. and probably were missed by the government report. Therefore the job situation is probably worse than reported in the private sector.

Posted by: Frozen Al 2010-10-08 11:50

#1 It's the greedy taxpayers. The government would be very happy to keep on hiring if the taxpayers would just give them more ~~blood~~ money.

Posted by: DoDo 2010-10-08 11:22

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