{"id":398285,"date":"2010-03-06T14:23:00","date_gmt":"2010-03-06T19:23:00","guid":{"rendered":"http:\/\/www.businessinsider.com\/heres-why-the-census-will-actually-hurt-the-recovery-2010-3"},"modified":"2010-03-06T14:23:00","modified_gmt":"2010-03-06T19:23:00","slug":"here-are-the-facts-about-census-hiring-and-why-it-will-hurt-the-recovery","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/398285","title":{"rendered":"Here Are The Facts About Census Hiring, And Why It Will Hurt The Recovery"},"content":{"rendered":"<p><div style=\"float: left; padding: 15px 15px 15px 0;\">\n<script type=\"text\/javascript\">\/\/ <![CDATA[\ntweetmeme_source = 'themoneygame'; tweetmeme_service = 'bit.ly';\n\/\/ ]]><\/script><br \/>\n<script src=\"http:\/\/tweetmeme.com\/i\/scripts\/button.js\" type=\"text\/javascript\"><\/script>\n<\/div>\n<p>Don&#8217;t believe claims that the Census will help the recovery, as even the BLS admits this is far from certain. A <a href=\"http:\/\/www.esa.doc.gov\/02182010.pdf\">report<\/a> they released last month predicts the two-month boost in hiring and spending will be followed by a two-month slump:<\/p>\n<ul>\n<li>800,000 temporary jobs will lower the unemployment rate by several tenths of a percentage point in April and May (with lesser effects beginning in January).<\/li>\n<li>Around $14 billion in government spending could boost GDP by 0.1 percentage point in 2010Q1 and 0.2 percentage point in 2010Q2.<\/li>\n<li>The end of the program may cause GDP to fall by an equal amount in Q3 and Q4.<\/li>\n<li>Unemployment, too, may rise by an equal amount.<\/li>\n<\/ul>\n<p>In fact, net unemployment is likely to increase as the census draws in thousands of discouraged workers, who are not currently included in the 9.7%.<\/p>\n<p>But here&#8217;s why the Census will have a worse effect than the BLS admits.<\/p>\n<p><em>800,000 Census workers are 800,000 people who are not finding a steady job. They are nearly a million Americans who will not actually contribute to the GDP.<\/em><\/p>\n<p>That wasn&#8217;t a problem in 2000 or 1990, but it will be a serious problem in 2010.<\/p>\n<p>Grosvenor&#8217;s Richard Gold makes an apt comparison in the <a href=\"http:\/\/www.csmonitor.com\/Money\/new-economy\/2010\/0305\/Snow-didn-t-skew-the-unemployment-rate.-But-the-census-will\">CS Monitor<\/a>: &#8220;This is the government&#8217;s version of the Olympics.&#8221;<\/p>\n<p><a href=\"http:\/\/www.businessinsider.com\/heres-why-the-census-will-actually-hurt-the-recovery-2010-3#comments\">Join the conversation about this story &#187;<\/a><\/p>\n<p><b>See Also:<\/b><\/p>\n<ul>\n<li><a href=\"http:\/\/www.businessinsider.com\/mass-layoffs-jump-in-january-after-four-straight-months-of-decline-2010-2\">Mass Layoffs Jump In January After Four Straight Months Of Decline<\/a><\/li>\n<li><a href=\"http:\/\/www.businessinsider.com\/david-goldman-heres-why-unemployment-will-remain-in-nosebleed-territory-forever-2010-2\">David Goldman: Here&#8217;s Why Unemployment Will Remain In Nosebleed Territory FOREVER<\/a><\/li>\n<li><a href=\"http:\/\/www.businessinsider.com\/business-news\/feb-1-pinsky1-2010-2\">Obama, Take Note Of Job Creation In New York City<\/a><\/li>\n<\/ul>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/feeds.feedburner.com\/~r\/TheMoneyGame\/~4\/F7dl4Zactw0\" height=\"1\" width=\"1\"\/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Don&#8217;t believe claims that the Census will help the recovery, as even the BLS admits this is far from certain. A report they released last month predicts the two-month boost in hiring and spending will be followed by a two-month slump: 800,000 temporary jobs will lower the unemployment rate by several tenths of a percentage [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-398285","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/398285","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=398285"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/398285\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=398285"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=398285"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=398285"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}