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Friday, September 3, 2010

More Private-Sector Jobs in August; Government Lays Off Workers

“With the American economic recovery showing clear signs of slowdown, private employers added 67,000 jobs in August, the Labor Department said on Friday. The number was more than forecast. Over all, the nation lost 54,000 jobs in August, the agency said, as state and local governments, many of them grappling with severe budget deficits, cut 10,000 jobs last month…. The unemployment rate rose to 9.6 percent from 9.5 percent in July.” (New York Times)

Fewer people working for the government is a good thing.

FEE Timely Classic
“A Classic Hayekian Hangover” by Roger Garrison and Gene Callahan