Thursday, December 04, 2008 | 12:23 p.m.

The Fading American Economy

by Paul Craig Roberts

According to the Bureau of Labor Statistics, the U.S. economy lost 98,000 private sector jobs in March, half of which were in manufacturing. Today, 13,643,000 Americans are employed in manufacturing, of which 9,849,000 are production workers.

Government employs 22,387,000 Americans — 8,744,000 more than manufacturing. Even the category leisure and hospitality employs 13,682,000 Americans, slightly more than manufacturing. There are as many waitresses and bartenders as production ...

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1 Comments | Post Comment
Posted by: ender
Comment: #1
Fri Apr 11, 2008 4:26 AM

Who is John Williams?

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