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Willisms

« Trivia Tidbit of the Day: Part 826 -- Kerry-Lieberman Bad For America. | WILLisms.com | Trivia Tidbit of the Day: Part 828 -- Job Creation In Texas Far Outpacing Every Other State. »

Trivia Tidbit of the Day: Part 827 -- Digging Deeper Into June Employment Numbers.

Worst June In 63 Years-

The great Tom Blumer has some startling numbers on June's job figures:

What follows are tables from the Household Survey (used to determine unemployment rates) showing changes in the seasonally adjusted (SA) workforce, whether employed or not, followed by the analogous NSA changes:
BLSsaWorkforceChangesTo0610.gif
BLSnsaWorkforceChangesTo0610.gif
The SA number for June is bad enough. In fact, June's seasonally adjusted workforce shrinkage is the largest for any June since 1963.

But the NSA number representing what really happened is even worse. In a normal June, the workforce increases significantly, because lots of people occupied with other things during the rest of the year typically test the waters in the seasonal and summer-job market. But whereas an average of about 1.75 million did so during the past seven Junes, including almost 1.6 million last year during the recession, only 901,000 did so in June of 2010. You have to go all the way back to 1954 to find a lower workforce change during June in the private sector than the June we just experienced. On a population-adjusted basis, the June 2010 figure is the worst June performance in the 63 years BLS has been tracking the data.

Read that last line again. June 2010 is the worst June job performance in the 63 years of available data from the Bureau of Labor Statistics.

If you follow my tweets, you will have already seen this, but Texas over the past several months has created more jobs than California, Illinois, Florida, North Carolina, Georgia, Arizona, Colorado, and Washington combined:

jobgrowthtx.gif

The Obama model has failed. The Texas model or relatively limited government, more freedom, and lower taxes is working.

-------------------------------------

Previous Trivia Tidbit: Kerry-Lieberman Bad For America.

Posted by Will Franklin · 6 July 2010 10:03 AM

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