The employment numbers out today from the U.S. Bureau of Labor Statistics were simply depressing – though not surprising.
For example, based on the household survey – which often captures more entrepreneurial activity – the story is quite grim. Since the November 2007 peak, the U.S. has lost nearly 1.7 million jobs.
Meanwhile, the payroll survey points to a loss of 524,000 jobs in the last two months, and nearly 1.2 million since this past December’s peak.
The payroll survey also offers a look at the private sector jobs picture. From the December high, the private sector has lost more than 1.3 million jobs, including more than 500,000 over the past two months.
The economy certainly could use help from our nation’s capital. But things like tax rebate checks, temporary and targeted tax measures, bailouts, and more government spending will do little. Indeed, much of that could just do more damage. The economy needs permanent and substantial tax and regulatory relief that boosts the incentives for investors, entrepreneurs and businesses to take the risks necessary to build and grow the economy.
Raymond J. Keating
Chief Economist
Small Business & Entrepreneurship Council
1 comment:
For those that need jobs, there are still thousands of high paying jobs on popular employment sites like -
www.linkedin.com (networking)
www.indeed.com (aggregated listings)
www.realmatch.com (matches jobs based on your skills)
Good look to those looking for work!
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