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Considering the credit crunch & housing market collapse, I'm not surprised by this at all. The part that I find most disturbing is the reduction in private sector jobs while the public sector increased.
Job losses were widespread, with hefty cuts coming from construction, manufacturing, retailing and a variety of professional and business services. Those losses swamped gains elsewhere including education and health care, leisure and hospitality, and the government.
We need private business and the taxes they pay to fund the schools, healthcare & government that they are simultaneously increasing. Not a good long term scenario.
Job losses were widespread, with hefty cuts coming from construction, manufacturing, retailing and a variety of professional and business services. Those losses swamped gains elsewhere including education and health care, leisure and hospitality, and the government.
We need private business and the taxes they pay to fund the schools, healthcare & government that they are simultaneously increasing. Not a good long term scenario.