The Huffington Post
by Mark Gongloff
Posted: Updated:
In what must be history’s strangest socialist dictatorship, hiring by private companies just hit a record high. Meanwhile the government is still not hiring anybody.
Private employers added 192,000 jobs to nonfarm payrolls in March, the Bureau of Labor Statistics said on Friday, making up all of the economy’s job growth for the month. Federal, state and local governments added nada. There are now 116 million people working in the private sector, topping the previous peak set in January 2008. Federal, state and local governments, meanwhile, employ 21.8 million people, down from a high of nearly 23 million in May 2010.
The two charts below tell the whole story: The first shows the rebound of the private sector. The second the non-rebound of the public sector.