Why The Collapse Of State And Local Employment Is Almost Certainly Over

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		Tech Entertainment Wall Street Markets Strategy Sports Lifestyle Politics Europe Video Latest Wednesday, January 18, 2012 Why The Collapse Of State And Local Employment Is Almost Certainly Over If you've been following the monthly jobs reports for the past couple of years the pattern has fairly consistent: Private employment growth has been decently robust, while state and local layoffs have dragged headline numbers down. If headline employment is going to improve, then the bleeding has to stop in the public sector. And there's some good reason that this might actually happen. Check out this chart from Goldman's Alec Phillips showing the relationship between state and local tax revenue growth and state and local employment growth. The pattern is crystal clear. Tax revenue growth turns up, and then employment growth turns up a little later. This pattern is plainly visible going back to 1990. And now we're seeing the first signs up an uptick in domestic hiring growth, perfectly ready to play catch up with taxes.  Read » Also On Money Game Today: The Biggest Winners And Losers On The Street Today Did Italian PM Mario Monti Just Hint At A Policy Bombshell To End The Crisis? THE ENRON FIELD CURSE: Why You Should Avoid Companies That Put Their Name On A Stadium TREASURY TO EUROPE: Sorry, We're Not Helping You Boost The IMF Advertisement CHART OF THE DAY: One Of The Most Impressive Cases Of Efficiency Growth We've Ever Seen CHART OF THE DAY: Why America Should Love Its Exploding Trade Deficit CHART OF THE DAY: This Worrying Demographic Trend Is Bad News For Consumer Spending Share this: Facebook Twitter Digg Reddit StumbleUpon LinkedIn The email address for your subscription is: dwyld.kwu.jobhuntportal11@blogger.com Change Your Email Address | Unsubscribe | Subscribe | Subscribe to the Money Game RSS Feed Business Insider. 257 Park Avenue South, New York, NY 10010 Terms of Service | Privacy Policy

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