height=”144″ />The latest news from the Bureau of Labor Statistics is more of the same. Unemployment is still stubbornly high at 8.2 percent (one-tenth of a percentage point higher than April) and the U6 rate (underemployed, part-time and discouraged workers) stands at 14.8 percent (three-tenths of a point
higher than April). These numbers are an improvement over a year ago, when unemployment was 9 percent and U6 was 15.8 percent. But last month's numbers are still nothing to cheer about.
But as I combed thr
ough the pages of the latest BLS News Release, I noticed something that peaked my interest: Table B-1, Employees on nonfarm payrolls by industry sector and selected industry detail, shows that since May of last year, the number of government employees has fallen 13 percent: 5 percent at the federal level, 5 percent at the state level and 3 percent at the local level. Only one other major category fell more: goods-producing, which includes mining and logging and construction.
Of course, there are still 2.2 million people on the federal civilian workforce. Perhaps
we need to take a tip from Cuba's playbook. Two years ago, the country eliminated over half a million government jobs after deciding 1 out of 5 jobs was redundant. Maybe the celebrities that tout the “benefits” of Cuba's health care system should instead be bragging about their employment cuts.