Good news on private sector jobs front, but recovery would have been even stronger if it were not for government austerity measures.
March 8, 2013. The New York State Department of Labor (NYSDOL), in its press release yesterday on the latest employment data, emphasized some good news—that New York State has had 17 consecutive months of private sector job growth, and that the state gained an estimated 29,600 private sector jobs in January (on a seasonally adjusted basis.)
Nothing wrong with reporting good news. There was more good news in NYSDOL’s annual payroll employment revision that was also released yesterday.… (read more)