It’s all in the inverse staffing patterns – the Fed’s growth is the only thing accounting for the increase, otherwise we would be looking at a loss. Everything else is tepid (private-side hiring) or bad (state govt. and Central monetary authorities).
Brian Kelsey is an Austin-based economic development consultant and former senior policy advisor at the U.S. Economic Development Administration in Washington, DC. Civic Analytics is his blog about data-driven analysis for understanding community and economic trends. Views expressed here are his own.
It’s all in the inverse staffing patterns – the Fed’s growth is the only thing accounting for the increase, otherwise we would be looking at a loss. Everything else is tepid (private-side hiring) or bad (state govt. and Central monetary authorities).