Unemployment at 4.3%…in Government
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From January 2009 to January 2010, plummeting employment has been concentrated in the private sector. During the time period examined, employment in the private sector decreased by 3.5% while employment within government decreased by 0.5%. (H/T to the Mercatus Center @ George Mason University)
As you can see from the chart below, unemployment amongst the private sector has skyrocketed, while government unemployment has remained fairly steady.
This cannot be sustained and only real, substantive cuts in both government payroll and spending can bring about the needed readjustment in this chart. When the private sector tightens belts, so should government.
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