It could be that much of the increase in Gov't hiring is seasonal employees hired for recreational locations (park rangers, laborers, aides, lifeguards, etc.). If so, the fall numbers will decline as well.
Seasonal labor at parks and similar facilities may very well explain the surge in government jobs.
However, seasonal labor of that sort does not really translate into any sort of meaningful economic growth. It certainly is not the sort of labor that is going to bring workers back off the sidelines and move them from not being in the labor force to being in the labor force.
This is ultimately the problem with counting government jobs as "job growth"--expanding government's piece of the economic pie does not cause the pie to grow. If anything, it ends up causing it to shrink.
I am grateful for your analytical abilities, Peter, which continue to show us that the official numbers are essentially worthless. Here’s another indication of how worthless:
We know that ICE has been deporting tens of thousands of illegal immigrants during the past few months. Presumably, many of them held jobs. Substack had an anecdotal report last week that Walmart was suddenly short of workers, as so many of their employees had left the country. How has the BLS and other government bureaucrats dealt with this reality? Are they looking at that data, the data on illegally-held jobs, at all? Bogus reports!
You’ve pointed out that much of the job growth has been in state and local government. That’s not going to end well. A typical example is here in Minneapolis. Our downtown real estate has so tanked in value that the property-tax revenue has plummeted. Local government bureaucrats counted on that revenue to pay their pension obligations and other expenses. So, they will now have to raise property taxes on residential housing, which will raise rents, and raise expenses on retirees, to the point where more people will be forced financially to leave the city - which will intensify the overall problem. Ultimately, local government will be driven to lay off many government employees, which - what a surprise- they will do just before the midterms so that they can blame it on Trump!
Keep pointing out the discrepancies and nonsense, Peter. You’re performing a real service!
Lou Costello math:
https://m.youtube.com/watch?v=oN2_NarcM8c&pp=ygUiYWJib3R0IGFuZCBjb3N0ZWxsbyBhZGRpbmcgbnVtYmVycw%3D%3D
That bit of Abbott and Costello remains the best way to explain what the BLS is doing with the jobs numbers.
It could be that much of the increase in Gov't hiring is seasonal employees hired for recreational locations (park rangers, laborers, aides, lifeguards, etc.). If so, the fall numbers will decline as well.
Seasonal labor at parks and similar facilities may very well explain the surge in government jobs.
However, seasonal labor of that sort does not really translate into any sort of meaningful economic growth. It certainly is not the sort of labor that is going to bring workers back off the sidelines and move them from not being in the labor force to being in the labor force.
This is ultimately the problem with counting government jobs as "job growth"--expanding government's piece of the economic pie does not cause the pie to grow. If anything, it ends up causing it to shrink.
I am grateful for your analytical abilities, Peter, which continue to show us that the official numbers are essentially worthless. Here’s another indication of how worthless:
We know that ICE has been deporting tens of thousands of illegal immigrants during the past few months. Presumably, many of them held jobs. Substack had an anecdotal report last week that Walmart was suddenly short of workers, as so many of their employees had left the country. How has the BLS and other government bureaucrats dealt with this reality? Are they looking at that data, the data on illegally-held jobs, at all? Bogus reports!
You’ve pointed out that much of the job growth has been in state and local government. That’s not going to end well. A typical example is here in Minneapolis. Our downtown real estate has so tanked in value that the property-tax revenue has plummeted. Local government bureaucrats counted on that revenue to pay their pension obligations and other expenses. So, they will now have to raise property taxes on residential housing, which will raise rents, and raise expenses on retirees, to the point where more people will be forced financially to leave the city - which will intensify the overall problem. Ultimately, local government will be driven to lay off many government employees, which - what a surprise- they will do just before the midterms so that they can blame it on Trump!
Keep pointing out the discrepancies and nonsense, Peter. You’re performing a real service!