JOLT’IN Joe! US Job Openings Almost Exclusively Government Jobs (Productive Private Sector Jobs Barely Grow At 2.8% While Unproductive Government Jobs Grow 20%)
July 2, 2024
No, Joe Biden isn’t Joltin’ Joe Di Maggio (the Yankee Clipper). Joe Biden is a Socialist who loves government and hates free markets. I feel like Biden and his junta are emuilating the old Soviet Union and Communism. Those of us who still love free markets are back on the chain gang.
After two months of sharp declines in the number of job openings, moments ago Biden’s highly politicized Department of Labor reported that in May, the number of job openings unexpectedly spiked by a whopping 221K, to 8.140 million – far above the 7.950 million estimate – from a downward revised April print of 7.919 million, down 140K from the original print of 8.059 million.
Job revisions aside, there was only a 2.8% increase in private sector job openings in May. On the other hand, nonproductive job openings (aka, government) were up a staggering 20% in May.
more
https://confoundedinterest.net/2024/07/02/joltin-joe-us-job-openings-almost-exclusively-government-jobs-productive-private-sector-jobs-barely-grow-at-2-8-while-unproductive-government-jobs-grow-20/
