AFMC - Growth In Government Jobs Points To Recession

2024-06-20 00:20:00 ET

Summary

• Last month, for instance, government employment was up 2.7 percent, year over year, while private employment was up on 1.6 percent.
• Growth in government jobs has been outpacing private employment (year over year) for the past fourteen months.
• The current trend in this metric points to the US now being in recession or headed towards one soon.

By Ryan McMaken

Last week, we looked at the weakness of the job market that belies all the happy talk from the administration about employment. For instance, we noted the fact that full-time employment is in decline, as is temporary work. We can couple this with the fact that the total number of employed persons in this economy has gone nowhere in eleven months....

For further details see: