Tag Archives: Government

The Job Man Cometh

Good news today as the unemployment rate dropped to 7%. Fears of a taper have been silenced… at least for today… as the S&P has jumped back above 1800. Calculated Risk has provided a great run down of the employment report from this morning.

What I believe to be the greatest influence moving forward is “the end of austerity” at the state and local government level. It appears that state and local government employment has finally bottomed and is beginning an uptrend.

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Usually government jobs have increased during a recovery, but that wasn’t the case in 2009 (illustrated here). The result in the past was an extra level of protection for the economy in the wake of a recession and a quicker recovery. If governments begin to hire at a more normal pace while private sector hiring continues to build, we could finally witness the kind of recovery expected after a normal recession.

Here are a few good reads to close out your week. I hope you have a great weekend:

Default Coming?

As much as I haven’t given credibility to the threat of default on US debt, the one month T-Bill auction today says I should. Check out these articles on how 4 week treasuries are now yielding the highest since the Lehman collapse:

Maybe I should not underestimate our government’s ability to be completely incapable of doing anything correctly.

On Innovation – Public > Private

What day of the week is it again? That’s right… the weekend is nowhere in sight and you’re stressing over how you’re going to possibly waste time to pass another day. Lucky for you, I have a few links to put your slacker worries at ease: