One healthy sector of the economy

We've shed 7 million jobs in the last few months but you'd never know it, if you went by how much government has expanded during that period.Michael Cooper of the New York Times has the story: While the private sector has shed 6.9 million jobs since the beginning of the recession, state and local governments have expanded their payrolls and added 110,000 jobs, according to a report to be issued Thursday by the Nelson A. Rockefeller Institute of Government. The report, based on an analysis of federal jobs data, found that state and local governments steadily added jobs for eight months after the recession began in December 2007, with their employment peaking last August. State and local governments have since lost 55,000 jobs, but from the beginning of the recession through last month they gained a net of 110,000 jobs, the report found, in part because of the federal stimulus program. Government jobs are always more stable than private sector jobs during downturns, but their ability...(Read Full Post)