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  • Still No Jobs

    11/09/2005 7:46:56 AM PST · by A. Pole · 87 replies · 1,768+ views
    Chronicles Magazine ^ | Wednesday, November 09, 2005 | Paul Craig Roberts
    The October payroll jobs report from the Bureau of Labor Statistics shows employment growth for the month essentially at a standstill. The economy created only 46,000 private sector jobs. The bulk of those—33,000—were in construction. The domestic service sector of the economy, which has been the source of net new jobs in the 21st century, experienced no job growth in October. In the 21st century, the U.S. economy has ceased to generate net new jobs in middle- and upper-middle-class professions. This is a serious economic, social and political problem that receives no attention. There is a great deal of meltdown...