US total payroll employees haven’t grown since 1999
May 04, 2010 at 16:40 PM EDT
> > (email exchange) > > On Tue, May 4, 2010 at 10:24 AM, Scott wrote: > > Ugly chart. > > US total payroll employees haven’t grown since 1999 > Yes, hangover from the surplus years. Deficits never have gotten high enough to restore demand/employment/output In the 1990’s private sector deficits (increasing private sector borrowings) did the heavy lifting. That proved unsustainable and govt has yet to make the necessary [...]