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Reply #8


Response to gateley (Reply #7)

Wed May 2, 2012, 11:14 AM

8. Oh, me too. It's just that the public sector is cutting

 

as many jobs monthly as the private sector is adding, thanks to various state and municipal 'austerity' programs. Net-net is that not many jobs aggregate are being added when private sector only adds 119,000. Most macroeconomists who study the subject say private and public sector new jobs need to be 150,000/month just to keep pace with growth in workforce (people graduating high school or college and starting to look for work mainly).

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