[OPE] Negative 203k

Total 10 Year Job Gains: Negative 203k
 By Barry Ritholtz
September 7th, 2009, 9:25AM

Speaking with Marketwatch's Rex Nutting, I learned yet another incredible
datapoint: Over the past decade, the U.S. private-sector has lost 203,000
jobs.

That's right: Zero job growth for 10 years.

In the 1940s, we created 10 million jobs. In the 1990s, we added 19 million
new jobs. Even during the much-maligned 1970s, we added almost 16 million
jobs.

The 2000s might be zero. Some economy, huh?

The government has created 2.1 million jobs over that period - primarily
teachers. And, that's the weakest government job growth in nearly two
decades.

Happy Labor Day!

>From
http://www.ritholtz.com/blog/2009/09/total-10-year-job-gains-negative-203k

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Received on Sat Sep 12 07:42:26 2009