The good news: the economy is still creating jobs – albeit at a slower pace. The bad news: it’s government spending and debt that continue to finance the job creation. This year BY FAR the largest employers have been federal, state, and local governments and health care. Half of the health care sector is funded by…government.
If you think Uncle Sam can go running $2 trillion deficits and the government can keep swallowing up nearly 40% of our GDP then we are doing just fine.