Olin D. Johnston
06-26-2006, 08:44 AM
Things just got worse for the U.S. engineering sector.
By Paul Craig Roberts
The May payroll jobs report released June 2 by the Bureau of Labor Statistics confirms the jobs pattern for the 21st century US economy: employment growth is limited to domestic services.
In May the economy created only 67,000 private sector jobs. Job estimates for the previous two months were reduced by 37,000.
The new jobs are as follows: professional and business services, 27,000; education and health services, 41,000; waitresses and bartenders, 10,000. Manufacturing lost 14,000 jobs.
Total hours worked in the private sector declined in May. Manufacturing hours worked are 6.6 percent less than when the recovery began four and one-half years ago.
American economists and policymakers are in denial about the effect of jobs offshoring on US employment. Corporate lobbyists have purchased fraudulent studies from economists that claim offshoring results in more US employment rather than less. The same lobbyists have spread disinformation that the US does not graduate enough engineers and that they must import foreigners on work visas. Lobbyists are currently pushing, as part of the immigration bill, an expansion in annual H-1B work visas from 65,000 to 115,000.
The alleged "shortage" of US engineering graduates is inconsistent with reports from Duke University that 30 to 40 percent of students in its master...
...The Rest Here (http://www.vdare.com/roberts/060605_jobs.htm)
By Paul Craig Roberts
The May payroll jobs report released June 2 by the Bureau of Labor Statistics confirms the jobs pattern for the 21st century US economy: employment growth is limited to domestic services.
In May the economy created only 67,000 private sector jobs. Job estimates for the previous two months were reduced by 37,000.
The new jobs are as follows: professional and business services, 27,000; education and health services, 41,000; waitresses and bartenders, 10,000. Manufacturing lost 14,000 jobs.
Total hours worked in the private sector declined in May. Manufacturing hours worked are 6.6 percent less than when the recovery began four and one-half years ago.
American economists and policymakers are in denial about the effect of jobs offshoring on US employment. Corporate lobbyists have purchased fraudulent studies from economists that claim offshoring results in more US employment rather than less. The same lobbyists have spread disinformation that the US does not graduate enough engineers and that they must import foreigners on work visas. Lobbyists are currently pushing, as part of the immigration bill, an expansion in annual H-1B work visas from 65,000 to 115,000.
The alleged "shortage" of US engineering graduates is inconsistent with reports from Duke University that 30 to 40 percent of students in its master...
...The Rest Here (http://www.vdare.com/roberts/060605_jobs.htm)