On Friday, the Department of Labor will release the unemployment report for March. Estimates are that between 100,000 and 300,000 jobs will have been created; reversing the loss of jobs that we have been living with since late 2007.
However, this number will be skewed by the amount of Census workers who will have joined the Federal Government on a temporary basis. It is important that you read below the headlines to see what has actually happened. If, for example, the nation's payrolls added 100,000 jobs in March but that number included 300,000 census workers, that's not really job creation. Even so, Biden and Obama will use this distortion to hype their Stimulus package as creating jobs. However, all those Census workers are merely part-time and most are scheduled to be back in the unemployment lines in just 6 months.
Monday, March 29, 2010
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