Wednesday, March 31, 2010

Private Payrolls Drop -

Private Payrolls Drop -

Private-sector jobs in the U.S. dropped by 23,000 this month, according to a national employment report published Wednesday by payroll giant Automatic Data Processing Inc. and consultancy Macroeconomic Advisers.

The ADP survey tallies only private-sector jobs, while the Bureau of Labor Statistics' nonfarm payroll data, to be released Friday, include government workers. The addition of workers for the 2010 census is expected to lift federal government payrolls.

In the future, as it stands now, everyone will work for the government. If you don't like the situation you find yourself in, there will be no one to complain to.

Also note that as we turn the corner (admittedly still a ways off) from mostly private to mostly public employment (either directly or indirectly in the area of perennial contracting companies) the benefits picture will invert. Government is already talking about scaling back benefits which far exceed those in the private sector. Official denials of excessive benefits in government jobs just don't hold water.

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