Consider the following:

Only a few of the 116,000 private sector jobs created in October provide good incomes: 6,000 new positions in legal services and accounting – activities that reflect corporations gearing up to protect their top executives from Sarbanes-Oxley.

The remainder of the 116,000 new jobs consist of temps, retail trade, telephone marketing, and fund raising, administrative and waste services, and private education and health services.

Physicians' offices hired 9,000 people to cope with Medicare and insurance company paperwork. Nursing and residential care facilities hired 5,000, childcare services hired 6,000, and hospitals hired 3,000.

Many of the new jobs do not pay enough to support a family. The temp and retail jobs are 40 percent of the total.

All of the new jobs are in services. None of the new service jobs are capable of producing export earnings to bring balance to our massive trade deficit.