Since Obama was elected, the public sector has lost about 600,000 jobs. If you put those jobs back, the unemployment rate would be 7.8 percent.
Ezra Klein (via squashed)
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biteofpythias said:
ezra’s analysis is too simplistic… you wouldn’t just be adding back those 600,000 jobs - those 600,000 public sector cuts impacted private sector hiring as well as it dried up spending. the rate would be about a 1% lower than it is now…
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