Jobs & 'Trade' Data Update May08 by Bob Powell, 5/24/08 Note: Nationally, policies have been a...
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Transcript of Jobs & 'Trade' Data Update May08 by Bob Powell, 5/24/08 Note: Nationally, policies have been a...
Jobs & 'Trade' Data Update May08by Bob Powell, 5/24/08
Note: Nationally, policies have been a disaster for Mfg Jobs, IT Jobs, and Advanced Technology Products "Trade"; jobs haven't kept up with population growth ... Gap: 4.6 million jobs. Colorado has been a worse disaster; jobs haven't anywhere near kept up with population growth ... Gap: 164 thousand jobs. Colorado Springs has been an even worse disaster, losing 39.3% of manufacturing jobs and 48.3% of IT jobs.It's really difficult to understand how offshoring good-paying manufacturing and IT jobs are good for the US economy. That's because it's not. See The Trade Deficit and the Fallacy of Composition for why it's not.
Summary of Job Loss data: National, Colorado, Colorado Springs since their peaks
Comparison of Percentage of Manufacturing Jobs Lost
Comparison of Percentage of IT Jobs Lost
US Job Growth has not kept up with Population Growth
National Manufacturing Job Trend
National IT Job Trend
Colorado Manufacturing Job Trend
Colorado IT Job Trend
Colorado Springs Manufacturing Job Trend
Colorado Springs IT Job Trend
Colorado Non-Farm Jobs Trend
Advanced Technology Products "Trade" Trend
US Unemployment Rate - Official vs. Actual
US Unemployment Level - Official vs. Actual