Is there a HN or Reddit group where economics, finance, etc are discussed in boring details?
For example, I see a lot of growth in government jobs. Does anyone analyze month over month growth by sector?
For example, I see a lot of growth in government jobs. Does anyone analyze month over month growth by sector?
If you take away federal deficit spending, US GDP is negative for the last several quarters
GDP (growth rate) 2.29, 2.71, 1.67, 2.24, 2.95
Deficit (% of GDP) 2.75, 2.40, 3.10, 3.39, 3.77
1 out of 5 aint bad.
The last time it was even close is Clinton.
It's (change in GDP in dollars) - (deficit)
Where do you see this? You'll forgive me, but statements like that have the smell of a conspiracy theory ("Biden is hiring people for fake jobs to goose the numbers", something like that).
In fact this is measured and has been for a long time. Here's the FRED chart. Always go to FRED, always. Almost everything else has spin to it: https://fred.stlouisfed.org/series/USGOVT
And it's basically on trend. There was a big downward crash in the pandemic, which has been corrected for a while. Certainly there's no data to suggest a "lot of growth in government jobs", they're growing just like the economy is.
“ The hiring boost came from a gain of 52,000 in government jobs
and another 38,000 in health care-related fields such as ambulatory health-care services and hospitals.
Leisure and hospitality contributed 40,000 to the total,
while social assistance increased by 21,000 and
construction added 17,000.
Retail trade grew by 17,000 as the industry has been mostly flat since early 2022, the Labor Department said.”
This goes with my desire to better understand the economic numbers, in general