Where the jobs aren’t

State and local government.  Pretty compelling chart via Yglesias:

1326728010931

What has happened is that we’ve seen what’s basically a historically unique sustained decline in the quantity of people employed by state and local government. The fact that Barack Obama has been president during this time tends to somewhat confuse people’s analysis, but we basically just ran a year-long experiment in the idea that curtailing the public sector would supercharge private sector growth and it’s a bit hard to see the supercharging in the data.

 

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About Steve Greene
Professor of Political Science at NC State http://faculty.chass.ncsu.edu/shgreene

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