The jobs myth...
Don't fall for the big lie about "new" jobs.
From WhiteHouse.gov:
The
economy created 211,000 jobs in March and has created about 2.1 million
jobs over the past 12 months - and more than 5.1 million since August
2003.
From Census.gov:
2005 | 2000 | 1990 | |
Population | 296,410,404 | 281,421,906 | 248,709,873 |
Let's do some math, shall we?
296,410,404 - 281,421,906 = 14,988,498 total population increase between 2000 and 2005
14,988,498/5 = 2,997,699 population increase each year, on average
2,997,699/12 = 249,808 population increase each month, on average
211,000 "new" jobs in March 2006 - 249,808 population increase in March = -38,808 ACTUAL jobs created last month
2,100,000 "new" jobs created in the last year - 2,997,699 population
increase in the last year = -897,699 ACTUAL jobs created in the past
year
Yea, a truly great economy. Negative savings rates, huge
trade deficits, enormous federal budget deficits, and an inconceivably
large federal debt.
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