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Thread: July 1999 - July 2009 Net private sector job growth: 121,000 jobs

  1. #1
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    July 1999 - July 2009 Net private sector job growth: 121,000 jobs

    In an economy of ~100m private sector jobs ... that's about .01% private sector job growth over a decade.

    BLS figures here: http://data.bls.gov/PDQ/servlet/Surv...=CES0500000001

    (July 1999 figure - 108,803,000 / July 2009 - 108,924,000)

    Scary chart here:

    "When fascism comes to America, it will be wrapped in a flag and carrying a cross."

    -Sinclair Lewis

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    Reagan deficit / cold war
    Clinton dot-com bubble
    Bush housing bubble
    -
    Outsourcing
    Decline in manufacturing
    =
    Correction

    We need another world war or bubble to grow. America would have lost these jobs regardless. The Fed only delayed the inevitable by inflating the last bubble.

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