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Job Gains in Private Sector Are Illusory for U.S.: Alan Tonelson

July 6 (Bloomberg) -- As bad as the U.S. employment picture looks, the official Labor Department figures understate the magnitude of the crisis.

Creating private-sector jobs -- not adding to government payrolls -- is the key to achieving a genuine recovery. But employment statistics define the private sector far too broadly. The numbers include too many industries in which demand, and therefore employment, depends heavily on subsidies.