Sunday :: Mar 18, 2012

Economic Prospects

by Mary

Mark Thoma has a post today highlighting a post by Calculated Risk about Public Sector Employment after the 2001 dot-com bust and the 2008 housing sector bust.

Public Sector Employment

The key takeaway is that in this recession the public sector has been quite battered at the same time as the private sector is struggling to get back on its feet when under the Bush era, the public sector jobs grew.

Professor Thoma said that he believes the loss of the public sector jobs should be bottoming out by the middle of this year. But of course, that is only until 2013 rolls around and the massive cuts that were agreed to in the budget talks start haunting the economy. One wonders if we'll ever see brighter days again.

Mary :: 7:57 PM :: Comments (9) :: Digg It!