The United States is in the midst of a realignment as the private sector gives way to the government as the nation’s primary employer. We’re not there yet, but the direction is clear. Of the 431,000 new jobs the Labor Department just announced, a full 390,000 of them are with the government (primarily, short term positions with the U.S. Census Bureau).
This is terrible news… to most of us.
President Barack Obama said the employment report showed the economy was moving in the right direction.
“While we recognize that our recovery is still in its early stages, and that there are going to be ups and downs in the months ahead — things never go completely in a smooth line — this report is a sign that our economy is getting stronger by the day,” the president said while visiting a truck factory in Hyattsville, Maryland.
Actually, that would be government getting stronger every day.