Bread Lines & Soup Kitchens

Unemployment Rates

June 1997 – 4.2 – whites
June 2007 – 4.0 – whites

June 1997 – 10.4 – blacks
June 2007 – 8.5 – blacks

June 1997 – 7.6 – Latinos
June 2007 – 5.7 – Latinos

If Ritalin-popping liberal students observed those numbers their eyes would bug out of their collective heads — like Marty Feldman in “Young Frankenstein.”

Wage Growth — Lower-Tiered Workers

$14.55 – avg. hourly wages, June 2001
$17.38 – avg. hourly wages, June 2007

19.5% – increase in avg. hourly wages, 6/01 – 6/07
16.8% – total consumer inflation, 6/01 – 6/07

If Lou Dobbs saw those numbers he’d probably commit hari-kari.

Overall Job Growth

137.8 million – total employment, June 2003
146.1 million – total employment, June 2007

Ergo:

8.3 million – net gain in employment, 6/03 – 6/07
(173,000/month)

If Krugman saw those figures he’d start acting out like De Niro’s character in “Taxi Driver.”

Payrolls Job Growth

129.8 million – total W-2 employment, June 2003
138.0 million – total W-2 employment, June 2007

Ergo:

8.2 million – net gain in W-2 employment, 6/03 – 6/07
(171,000/month)

Breaking that down by sectors:

91% – private sectors
09% – government

Go figure.

Breaking that down by certain occupations:

1,130,000 – health care
216,000 – computer systems design
215,000 – engineering & architecture
162,000 – management of companies & enterprises
137,000 – accounting
95,000 – securities & investments
81,000 – insurance
48,000 – commercial banking

On the other hand, the publishing and broadcasting industries — i.e., the media — combined generated the sum total of (minus) 3,000 payroll jobs over the past four years.

But there’s still some good news out there for young liberals at big-city newspapers and TV affiliates.

There are plenty of eligible and well-heeled Democrat mayors besides Mr. Villaraigrosa.

Shake those money makers, Chomskies.

* * *
Data source: DOL, BLS.

Roughing it
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