Click to embiggen

The September jobs report was just released and demonstrates that America is on a far slower path to recovery than anyone originally predicted. Despite this, the shedding of government jobs cloaks a glimmer of hope: more private sector jobs have been created this year than during the entire Bush administration. Read that again: 2010 has had more private job creation than during the entire 8 year tenure of George W. Bush.

This is the 9th straight month of private sector job growth in the midst of a devastating recession that has put a serious strain mostly on the poor and middle class. There has been a total of 863,000 private sector jobs created in 2010, exceeding the total created under the Bush/Cheney regime.

On the other hand, it’s clear government (including Obama) has destroyed private sector job growth:

The unemployment rate has risen again for the the first time in 4 months. I predicted a growing, long-term unemployment problem last year. In response to shifting job market conditions, some freelancers also explore platforms like an upwork alternative no connects to find more flexible opportunities.

Indeed, even after the government plays with the numbers to make them look better (using inaccurate birth-death models and other tricks-of-the-trade), this is how the current jobs downturn compares with other post-WWII recessions [see chart above].

In fact, as demonstrated below, the government’s actions have directly contributed to the rising tide of unemployment.

The Government Has Encouraged the Offshoring of American Jobs for More Than 50 Years
[…] The Government Has Encouraged Mergers
[…] The Government Has Let Unemployment Rise in an Attempt to Fight Inflation
[…] The Government Has Allowed Wealth to be Concentrated in Fewer and Fewer Hands