Monday, August 5, 2013

The Economic Stupidity of Ed Morissey and Hot Air Continues

I swear to God, Conservative economic blogging is without a doubt one of the most intellectually bereft fields of endeavor.  According to Ed Morissey at Hot Air, 97% of all employment created in 2013 is temporary.


Let's look at the data from the Bureau of Labor Statistics establishment series.

In January 2013, there were 134,839,000 establishment jobs.  In the latest report there were 136,038,000 for a net gain of 1,199,000.

In January 2013, there were 2,580,000 temporary jobs.  In the latest jobs report, the total was 2,699,000 for a net gain of 119,000.

119,000/1,199,000 is 10% of all job growth. 

Now, let's turn to the household survey.

In the latest report, total employment was 144,285,000 while in January that number was 143,322,000 for a net gain of 963,000.

The number of people who were part time for economic reasons over the same period were 8,245,000 and 7,973,000 for a net gain of 28.24%.

I realize that expecting anything resembling intelligence from Morissey is always a lost cause.  But this is just amazing.