Between May 1999 and May 2009, employment in the private sector sector only rose by 1.1%, by far the lowest 10-year increase in the post-depression period. Its impossible to overstate how bad this is. Basically speaking, the private sector job machine has almost completely stalled over the past ten years.
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Without a decade of growing government support from rising health and education spending and soaring budget deficits, the labor market would have been flat on its back.
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