The value of public-sector jobs
Everyone wants to be a job creator. But in this economy, some jobs are created more equal than others. Since mid-2009, when the financial collapse bottomed out and the economy began its fitful recovery, the private sector has added 4.5 million jobs, with net increases in each of the last 29 months. In July alone, according to the US Labor Department, the private sector added 163,000 jobs, mostly in manufacturing and healthcare. But the public sector has lost more than 600,000 jobs since 2009, and 9,000 more government jobs were cut in July.