This means that the economy has been creating private jobs at an above-trend rate for three months now, but the total has been held back by government; besides shrinking census employment, local government payrolls shrank in October.
In other words, government employment (partly due to the laying-off of census workers and partly due to stingy state and local governments) is SHRINKING as opposed to growing, as certain political narratives would have us believe.
No comments:
Post a Comment