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IPFS News Link • Economy - Economics USA

6 Million Benefit Paying Jobs Vanish in One Year!

11-17-2010 • GlobalEconomicAnalysis.blogspot.com

Hard data says the US lost 5,977,844 benefits paying jobs in a year, and 8,056,810 benefits paying jobs in 2 years when we should have gained close to a million jobs a year or so based on population growth, even factoring in the number of retirees. 6 Million Benefits Paying Jobs Vanish and Unemployment Rate Drops! In spite of losing nearly 6 million benefits paying jobs in the last year (and not gaining another 800,00 to a million more based on population growth minus retirees), the unemployment rate in October of 2009 was 10.1% and it is now supposedly a half-point lower at 9.6%. Is this a crock or what?

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Reported By Jack Gregson

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