Since 2001, the health-care industry has added 1.7 million jobs. The rest of the private sector? None
If you really want to understand what makes the U.S. economy tick these days, don't go to Silicon Valley, Wall Street, or Washington. Just take a short trip to your local hospital. Park where you don't block the ambulances, and watch the unending flow of doctors, nurses, technicians, and support personnel. You'll have a front-row seat at the health-care economy.
http://www.businessweek.com/magazine/content/06_39/b4002001.htmHAPPY LABOR DAY!....Courtesy of the Detroit Free Press, here's a handy map showing how far median incomes have dropped over the past six years. And it's good news for most of you: Compared to Michigan and North Carolina you're not doing so badly after all. So stop your sniveling.
http://www.washingtonmonthly.com/archives/individual/2006_09/009444.phpBush Has 'Worst Job Growth of the Last 40 Years' Despite 810,000 Job Injection
I kid you not. Today boasted the data release of 'Non-farm Payrolls' and the unemployment rate -- two of the most intensely watched measures of U.S. economic health.
This month showed that 51,000 jobs were created in the month of September -- about 80,000 FEWER than the market expected. However, August's job creation numbers were revised upwards by about 60,000 jobs. So the 2-month total came out slightly weaker than expected.
As expected, the Dollar dropped on that negative economic information -- but wait!
Along comes the 600 pound gorilla -- or maybe I should say the 810,000 pound gorilla.
That's right. Something called a 'Benchmark revision' to prior job creations were upped by an astronomical 810,000 jobs.
http://www.politicalcortex.com/story/2006/10/6/113033/035Corporate welfare
A TIME investigation uncovers how hundreds of companies get on the dole--and why it costs every working American the equivalent of two weeks' pay every year
In 1989 Illinois gave $240 million in economic incentives to Sears, Roebuck & Co. to keep its corporate headquarters and 5,400 workers in the state by moving from Chicago to suburban Hoffman Estates. That amounted to a subsidy of $44,000 for each job.
In 1991 Indiana gave $451 million in economic incentives to United Airlines to build an aircraft-maintenance facility that would employ as many as 6,300 people. Subsidy: $72,000 for each job.
In 1993 Alabama gave $253 million in economic incentives to Mercedes-Benz to build an automobile-assembly plant near Tuscaloosa and employ 1,500 workers. Subsidy: $169,000 for each job.
And in 1997 Pennsylvania gave $307 million in economic incentives to Kvaerner ASA, a Norwegian global engineering and construction company, to open a shipyard at the former Philadelphia Naval Shipyard and employ 950 people. Subsidy: $323,000 for each job.
http://www.cnn.com/ALLPOLITICS/time/1998/11/02/corp.welfare.html