Sunday, October 22, 2017

Wrong Jobs Growing?

The Austin-Round Rock Metropolitan Statistical Area, which includes Georgetown, looks to be growing the wrong kinds of jobs.
Preliminary data released Friday by the Texas Workforce Commission showed that metro-area employers added 8,300 jobs in September, but showed that the net gain came entirely from the public sector, which was boosted by the start of the school year and the end of the state hiring freeze.Statesman
Private employers slashed 2,200 jobs during the month, in line with seasonal payroll reductions despite unusually large job cuts at local bars, restaurants and hotels.
The locality needs new private sector jobs that increase the local economy. Public sector jobs are paid for using taxpayer funds. Therefore, an increase in public sector jobs will require increased taxes to pay for them.

Wrong direction!

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