No Runny Eggs

The repository of one hard-boiled egg from the south suburbs of Milwaukee, Wisconsin (and the occassional guest-blogger). The ramblings within may or may not offend, shock and awe you, but they are what I (or my guest-bloggers) think.

Is it 3.5 million jobs created/saved or 3.11 million jobs in all sectors lost?

by @ 12:59 on September 4, 2009. Filed under Economy, Politics - National.

(H/T – The Senate Republicans)

Now that the Bureau of Labor Statistics has come out with the all-sector August jobs report, which shows a preliminary 216,000 job loss for August, it’s time to update the earlier private-sector-only post of 3.487 million private-sector jobs lost since the end of January. With the creation of 377,000 government jobs since the end of January, the economy has lost 3,110,000 jobs since then.

The Senate Republicans helpfully included a summary of what the Human Gaffe Machine Vice President Joe Biden (he of the three-letter J-O-B-S utterance) uttered to the Brookings Institution just yesterday:

“Analysts from Moody’s to IHS Global Insight to the Economic Policy Institute and others all estimate the Recovery Act has created or saved between 500,000 and 750,000 jobs. Matter of fact: Some notable economists suggest the number is as high as a million.”

That’s funny; even if one included only the government sector (which I believe the ObamiNation thinks is the only sector that matters), Porkulus fell short.

3 Responses to “Is it 3.5 million jobs created/saved or 3.11 million jobs in all sectors lost?”

[No Runny Eggs is proudly powered by WordPress.]