The Nation reports a troubling set of statistics:

Total number of nonfarm private-sector jobs as of October 1999, according to the Bureau of Labor Statistics: 109,487,000. Total number of nonfarm private-sector jobs as of October 2009: 108,401,000. Net difference: -1,086,000. Gain in US population from 1999 to 2009: 34,573,000.

Bottom line: over the last 10 years, the U.S. gained 34.5 million people but lost a net one million jobs.  This can not continue.  The U.S. must revitalize its manufacturing base and begin to generate new middle class jobs.

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This entry was posted on Monday, December 14th, 2009 at 5:00 pm and is filed under Economic Security. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.