Unlike any of the previous recessions, public sector employment has gone DOWN rather than up. Maybe this has something to do with the paralyzed congress? Or maybe state level Republicans too are trying to sabotage the economy.
“The 11 states that the Republicans took over in 2010 laid off, on average, 2.5 percent of their government workforces in a single year. This is compared to the overall average of 0.5 percent for the rest of the states. So while it is a nation-wide event, it is concentrated in states that went red in 2011… There is an element of state and local layoffs that is strictly budgetary, as the average for all the groups is negative. But there is also an element that is about a face-off between President Obama and new conservative state legislatures.” |
meh my image quit working :/
It makes the idea of more stimulus make a lot more sense. . . .
One of these recoveries is not like the other . . . -
June 12th, 2012, 01:24 PM
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