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View Full Version : Artificial Recovery; Real Job Losses - Paul Craig Roberts


Robert Bandanza
August 21st, 2006, 12:42 PM
August 21 , 2006

Will the Unemployed Become Cannon Fodder for Bush's Wars?

Artificial Recovery; Real Job Losses

By PAUL CRAIG ROBERTS

Readers want to know why I have not reported on the payroll jobs statistics for the past two months. Does this mean, they ask, that the situation has turned around and that the US economy is again creating jobs in export and import-competitive sectors?

Alas, no. I did not write about the past two payroll jobs data reports, because it is the same distressing story that other readers say they are bored with hearing.

The July report from the Bureau of Labor Statistics lists 113,000 new jobs, all of which are in services.

http://www.counterpunch.org/roberts08212006.html