ALERT: US government has been hiring an average of 50,000 workers per month for the past 2 years
Which is one of the highest rates in 30 years
This hiring spree has strengthened the labor market, likely delaying a recession
But, high levels of government job creation have… pic.twitter.com/8yBjT7IMIO
— Bravos Research (@bravosresearch) November 22, 2024
For the past two years, the US government has been hiring an average of 50,000 workers per month, marking one of the highest rates in the last 30 years. This surge in hiring, which includes federal, state, and local positions, has played a key role in bolstering the labor market, helping to delay a potential recession. The significant growth in government employment has been particularly notable in 2023 and 2024, with employment rising by 709,000 in 2023 alone.
Despite these strong gains, history shows that high levels of government job creation have rarely been enough to prevent recessions. The government’s efforts have contributed to a more resilient labor market, but economic downturns can still occur regardless of public sector growth. By September 2023, government employment had even surpassed pre-pandemic levels, providing a temporary buffer against a potential economic contraction.
Ultimately, while government hiring can help sustain economic momentum, the risk of a recession remains ever-present. This recent spree of hiring may only delay the inevitable, as past trends have shown that government jobs alone cannot fully safeguard against broader economic shifts.
Half the fucking jobs were just Biden trying to hide a market collapse with debt t.co/S1TKoM9ykF pic.twitter.com/K1cG2qONM5
— Darth Powell (@VladTheInflator) November 22, 2024
So that makes more layoffs than job gains? Sounds like the R word to me. pic.twitter.com/gGbJPYxvRS
— Mr.Awsumb (@MrAwsumb) November 22, 2024
Sources:
www.bls.gov/opub/ted/2024/employment-in-government-rose-by-709000-in-2023.htm
fred.stlouisfed.org/series/USGOVT
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