Sunday, February 6, 2011

Employment in the US

Speaking of interesting graphs, the one posted by Matt Yglesias is rather interesting. January 2010 to January 2011 seems to have resulted in the creation of approximately 1 million private sector jobs coupled with the loss of 250 thousand public sector jobs. We can discuss whether this was an appropriate response to the budget realities of 2010 (it's an open question) but it is pretty clear that we are not trying any sort of classic Keynesian response to our current economic woes.

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