The Wal-Mart Employment Effect

The National Review reports:

The U.S. economy entered its fifth year of expansion in November, with non-farm payroll employment, a broad economic indicator, having expanded by 4.5 million jobs (3.4 percent) since bottoming in May 2003. Wal-Mart, meanwhile, the nation’s largest private employer, has been creating new jobs at a much higher rate. Data obtained from Wal-Mart show the retail giant expanding employment by 15 percent in the same two-and-a-half-year period.


That’s only part of the incredible success story being told by the Arkansas-based retailer. The Wal-Mart employment effect, rarely examined by economists, is so strong that it is counter-cyclical. In other words, the retailer has created new jobs in every recession since it went public in 1971, according to annual reports and monthly employment data. Few publicly traded companies can make such a claim.

Just think places like New York city and Chicago fight to prevent Wal-Mart from coming to their towns.No wonder why some cities are losing jobs.They just don't like private sector.Read the piece it's well worth your time.