government employees
Federal workers earn more than private sector peersPosted by RJ and Makay on Feb 01, 2012 |
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Federal workers on average earn about 2% more than private sector workers in a similar position, according to a new Congressional Budget Office (CBO) study. The CBO study found that federal employees earned 16% more in total compensation (pay and benefits) as compared to workers in private companies. The study was in stark contrast to progressive policy shops that claim government workers make less money than their counterparts in the private sector.
The pace of U.S. hiring slowed last month with non-farm payrolls adding only 54,000 jobs in May, about a third of what economists had forecasted for the month, according to the Labor Department. It was the smallest monthly job gain in almost a year. The unemployment rate increased to 9.1% from 9.0% in April. Economists surveyed by the Dow Jones News Wire had expected payroll gains of 185,000.
