From a gobsmacked CNN: Private sector continues to shed jobs.
"The decline surprised many economists. A consensus of economists surveyed by Briefing.com had forecast a gain of 40,000 jobs in the month."
Seriously? These economists better pull their heads out of their collective bvtts because that's exactly where those '40,000 jobs' need to come out.
Although govt. union jobs are expanding rapidly, but local governments, and the taxpayers who pay for their wages & benefits, don't like it.
From the WSJ:
"At the heart of this fight is an unbalanced equation: The economy is shrinking cities' and states' tax income as their pension and health-care costs have soared. As a result, some governments are diverting money from services to cover benefits, or raising taxes and fees. That doesn't sit well with some taxpayers—many frustrated at seeing their own benefits being cut by private-sector employers.
So governments are seeking cuts in union benefits long considered sacrosanct. This has risks. Public-employee unions are among the biggest political spenders, and their members vote in droves. Also, cutting benefits could make it tougher to keep the best employees."
Voting money from the public coffers into their own pocket. How convenient. And all without running for public office.
And guess what? Most union members work for government.
Boortz has an essay today on HOW GOVERNMENT JOBS ARE KILLING THE ECONOMY.
I'm not sure about that as an absolute, but John Stossel did write a good article about the inherent inefficiency in gub'mint, and how "Practices that would bankrupt private companies are considered normal for the public sector."
