How Government Gridlock is Actively Hurting the Economy
July 06, 2012
Most reporting on today’s employment report will lead with the fact that the economy added 80,000 jobs in June. But that number combines two distinct sectors of the economy—jobs added in the private sector and jobs lost in government. Employment growth in the private sector reflects how businesses feel about the economy. And while the rate of growth is moderate, it is steady and broad-based, with most industries adding jobs. By contrast, the public sector continues to shed jobs.