“Sustainable” Employment Growth Is Only at +73K
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At least according to EJ Antoni’s definition, in his critique of employment growth under the Biden administration:
gov’t and the gov’t-dominated healthcare sector [employment growth].. it’s all tax-payer funded, and it’s not at all sustainable.
OK, here’s the picture of employment growth since January, decomposed into “sustainable” and “unsustainable” components (in this latter case, health and social services, and government employmennt).
Figure 1: Month on
gov’t and the gov’t-dominated healthcare sector [employment growth].. it’s all tax-payer funded, and it’s not at all sustainable.
OK, here’s the picture of employment growth since January, decomposed into “sustainable” and “unsustainable” components (in this latter case, health and social services, and government employmennt).
Figure 1: Month on
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