The impact of the federal government on Washington, D.C. goes well beyond the jobs directly in the sector, or even the multiplier-effect jobs that ripple through the metro.
We illustrate the job growth and decline during the recession (2008-2009) and recovery (2010-2013) for every major industry sector, in one handy chart.
Private industries have added more than 3.9 million estimated jobs from 2010 to 2012 (a 4% increase). During the same timeframe, the public sector has contracted by nearly half a million jobs (a 2% decrease).
Catherine Rampell took a look at the drop in the labor force this week, noting that women made up the entire net loss (315,000). One theory Rampell posited, before her followup post, is perhaps some of the drop can be traced to state and local government employees who were let go.
So we all know that US manufacturing is hemorrhaging jobs. As domestic income and production costs increase, it makes it increasingly difficult for US manufacturers to keep their operations in-country. However, manufacturing is a very important generator of capital …