Michael Mandel looks at the dismal jobs numbers and suggests the government put more money into education and health care, two bright spots on the employment front:
I can easily imagine health, education, and government employment rising to 35% or more of the labor market before this downturn is over. Under the circumstances, that’s not a bad thing. It does set the stage for a mammoth fiscal crisis 5 or 10 years in the futurebut for now, we need all the jobs we can get.
Leonhardt digs into the numbers some more.
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