Tuesday, October 14, 2014

Job-Creating Statistics


                       
An important statistic: While economists may differ, spending for a government job is known to have an economic multiplier effect of 1.4 or 1.5, On the other hand, private jobs have an economic multiplier of close to 3.5.
                       
So beware of job claims during a recession, especially when you get those politically-inspired varieties. (See the Earl J Weinreb NewsHole® comments and @BusinessNewshole tweets.)

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