Quote:
Originally Posted by Azure
Yeah, but how will you go around bragging about the job market if you actually have to admit that public sector job growth is higher than the private sector the last few years, and that our economy is built on a pile of bricks that is soon going to fall.
I know its the Fraeser Institute and the Liberal lovers can't stand what they say, but this is ridiculous.
https://financialpost.com/executive/...ecovery-report
As expected. Though I can't wait to see opendoor spin some ridiculous tales about this. Maybe even Photon will get involved.  |
Luckily I don't even have to write new content; I can just copy and paste from the last time you brought up this exact same misleading point last week:
Since the bottom for job numbers in April 2020, there have been 3.46M net jobs added, with about 3M of those being in the private sector. That article was using February 2020 as the baseline, which makes no sense if you're talking about jobs created as part of the recovery. Public sector jobs rise predictably year to year at about the same rate as economic growth, while private sector jobs ebb and flow. So if you take numbers right before a crisis and then compare them to the point of recovery, obviously virtually all the growth is going to be in the public sector. The exact same thing happened in 2008-2010.
But just for comparison, lazy Canada reached its February 2020 private sector jobs level in February 2022. The United States didn't get there until June 2022.