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Source link: http://archive.mises.org/13303/no-surprise-jobs-surge-in-u-s-capital/

No surprise: Jobs surge in U.S. Capital

July 16, 2010 by

While 2,300+ pages worth of financial regulation just passed Congress that will provide the tools to, in the words of Henry Paulson, “help mitigate and manage the next financial crisis, which is inevitable, probably within the next six to 10 years,” Businessweek.com reports, “Washington is the only metropolitan area in which the number of advertised job vacancies in May (201,000) was greater than the number of unemployed (184,600), according to the Conference Board.”

There’s going to be a whole lot of regulating going on, by “ineffective bureaucracies,” as described by Alabama senator Richard Shelby and that takes warm bodies. So D.C., which already has a comparatively low unemployment rate of 6.2 percent, is the country’s boom town.

Coming in 2nd and 4th in the Businesweek.com list are the Texas towns of San Antonio and El Paso, which will benefit from expansions at Fort Sam Houston and Fort Bliss, respectively.

Union towns, Detroit, Las Vegas and Reno are at the bottom of the list.

{ 7 comments }

El Tonno July 16, 2010 at 12:49 pm

Clearly, Keynesianism works!

Incidentally, Paul Krugman (http://www.paperjam.lu/archives/2010/06/3006_NL_Krugman/index.html) has been spotted in Europe telling people what they want to hear: That the recession is due to “rightism”, mounting inequalities and liberal policies practised since Reagan (what!). Now we just need to fix THAT. He’s for governments going into debt thought. I’m relieved, no change of course needed here.

htran July 16, 2010 at 2:23 pm

Unions are eating themselves alive. If and when this nation realigns itself with freedom, we should make sure they have no place at the table.

Bob September 19, 2011 at 2:20 pm

Ah. Only giant corporations and government at the table. The true guardians of freedom. Workers of the world are guilty of conspiracy for so much as communicating with – er, even looking at – one another.
Here we come: Wal-mart World! Who needs government with Wal-mart to see that all our needs are met?

HL July 16, 2010 at 2:51 pm

Does anyone have a link to a good review of the financial regulations just passed? I bet there are some doozies in there….

Bruce Koerber July 16, 2010 at 4:51 pm

Looking For Work? Washington, D.C. Is Booming!!!

The mysteriously evaporated tarp funds and bailout bribes must be floating around in those murky waters. Those who can ignore the smell of the putrid, stagnant water and can tolerate the feasting of the parasitic mosquitos will slog around in the muck. Has anyone told these brainwashed laborers about the parasitic leaches or the diseases carried by all of the bloodsuckers?

Success in this corrupt slough is: becoming a parasite and gorging on the productive members of society.

Jon July 16, 2010 at 5:04 pm

Just like in any other 3rd world country ruled by a dictator and his elites the capital is built up with glorious looking government buildings surrounded by beautiful landscapes. It always looks like an utopia until you leave this capital city and witness the abject poverty

Bob September 19, 2011 at 2:24 pm

Raze the Capitol (replace with a group of old school portable classrooms), White House (replace with a second- or third-hand mobile home), etc.
When I started at Tenn. Tech. U. some of the old WWII army barracks were still in use. Shoulda bulldozed the brick buildings on the campus and replaced them with new barracks.
Now that DC residents can go armed, the riff-raff will either be cleaned out or move to Baltimore.

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