Saturday, July 17, 2010
Frank: What we need is a lot more government intervention
From Ed Morrissey at Hot Air:
Let’s take a look at Frank’s claim that private-sector employment has been growing. Instead of me creating my own chart, we’ll just let the BLS do it for us this time for 2007-present, showing the gross number of private-sector jobs each month:
There has been a minimal bounce in private-sector employment since its nadir of 2009Q4, amounting to a total increase of 593,000 in seven months. That’s not enough to keep up with population growth even without the context of the steep decline of over 8 million jobs since the peak of summer 2007. The private sector has lost 3.2 million private-secctor jobs since Barack Obama’s inauguration.