3 ms·
I recommend people go and check the 12 month data in the link for themselves (the chart lets you click into categories and drill down into subcategories) and se
by allemagne 3y ago
I recommend people go and check the 12 month data in the link for themselves (the chart lets you click into categories and drill down into subcategories) and see if this narrative that good-looking job numbers are caused by a "bubble in construction created by the federal government" makes any sense.
For one thing, I'd be interested to know how this artificial construction bubble causes local governments and state governments to coordinate so well with the federal government in hiring so much in education.
For another thing, I'm wondering where construction "should" be absent this bubble and how it squares with what we already know about the demand for housing and electricity.
Finally, take a look at all the non-government, non-construction activity and tell me where the bubble is.