Thread: Debt Limit
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      07-13-2011, 11:33 AM   #83
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Quote:
Originally Posted by Tortfeasor 335xi View Post
It might be, or it might be proof that the states are mismanaged. Regardless, and your sarcasm aside, percentage of urban population is irrelevant. The point of the post was to respond to the claim that Republicans are at fault for the high unemployment rate. It follows from this that Republican states would have the highest unemployment rates, regardless of urban, suburban or rural populations. That isn't the case by the government's own statistics.
Jobs are fungible and follow the flow of money and capital. The flow of money and capitol (and thus jobs) does not stop at state borders. This is why the 1/2 Million public jobs lost due to local, state, and federal budget don't directly translate to per-state numbers. The PRIVATE sector job shifts to oil-rich states explains why half a million public sector job loses don't directly align with each state when you look at overall employment numbers.

The effect of oil on the private jobs sector is so significant, that it is even shifting the ratio of white collar jobs to blue collar jobs in oil rich states.

From Fox Crime Syndicate:

http://www.foxbusiness.com/markets/2...-disappearing/

"The last major reason that white-collar jobs as a percentage of the total have dropped in some of these seven states is that they are resource rich. Many of the people who have come to states like North Dakota and Alaska have probably not come to be managers. The growth in the number of people who work oil wells, mines and farm equipment has fueled the work force size in these states. States with crude and metals resources, as well as agricultural products, will likely continue that trend."

Texas:

"since the end of the recession through April 2011, 37% of all jobs created in the U.S. have been created in Texas, according to the Dallas Federal Reserve. As an oil-rich state, this job growth has primarily been for blue-collar job"

Alaska:

"In 2000, two of Alaska’s top ten largest private sector employers were in either the oil field services or oil and gas extraction business. By 2010, that number had increased to three"

North Dakota:

"One of the driving forces of the state’s economic growth is the development of oil fields currently taking place. This development requires a disproportionate number of blue-collar workers"


You can either look at at the overall numbers, and make wild-ass guesses, or you can actually look at the underlying data and see what is REALLY going on. Half a million private sector job losses directly lowers overall job numbers by half a million jobs. This is why the job growth rate is about half a million LOWER than the prior 6 month period.

Last edited by 11Series; 07-13-2011 at 11:38 AM.