The Private Sector Has Lost 300,000 Jobs Since 1999


From John Mauldin’s weekly letter:

[T]he private sector has shed over 300,000 jobs since 1999.

Think about that.

We have had a decade where there have been no new jobs added by the private sector. Real incomes are roughly where they were, and the stock market is down.

Talk about a lost decade.

But don’t worry.  We’ll be back to full employment in no time.

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