More evidence the economy is being held up on wobbly stilts by government spending and hiring. Once again, the new jobs report for June shows health care and government hiring outpacing every other sector.
This comes on the heels of the report we highlighted a few weeks ago in the Hotline, showing that government employees make almost 40% more money than comparably skilled private workers.
How long before everyone has a cushy government job? And who’s going to pay their salaries?