I heard these statistics earlier today, but this chart sums it all up quite nicely. As stated in the text accompanying the chart:
The public sector continues to shed jobs, and as a result, the overall jobs picture in the US remains weak. If you want to understand why conservative efforts to slash funding for teachers, firefighters, cops is bad for the economy, look no further than this graph.
1 comment:
GDP growth under Reagan at about the same time was at 7% rather than 2.2% under Obama. Big governemt expansion is counter productive. Free enterprise works. Look at previous depressions and recessions like the 1920s, 30s, 70s and 80s and 90s.
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