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Friday, November 08, 2024

Private Sector Jobs Vanish into Thin Air While Feds Add Even More Workers to Payroll

The private sector hemorrhaged jobs in October while the federal government expanded its workforce to even bigger levels, according to data from the Bureau of Labor Statistics (BLS) released Friday.

The U.S. economy lost 28,000 private sector jobs while the federal government added 40,000, BLS data shows. The private sector job losses come amid a disappointing jobs report overall, with the country adding just 12,000 nonfarm payroll jobs — well below the 110,o00 economists expected.
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3 comments:

  1. Wait until that gets revised down next month
    BEST
    ECONOMY
    EVER

    ReplyDelete
  2. Hopefully Trump and his Cabinet will cut at least 1 million

    ReplyDelete
  3. In the 80s, I was at a government contractor facility. The computer operator noticed the computers were plugged into city power with no filtering. Long story short, it cost the government $513 for a $13 surge suppressor. The amount of labor and red tape that went into the purchase was absolutely impressive.

    ReplyDelete

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