government jobs

State Worker Retirements Are Soaring Across the Country

As wages and benefits shrink, state workers are retiring in droves. On top of all the layoffs, these retirements amount to a huge brain drain of government employees, and the problem is likely to get worse given the yawning budget gaps of states from coast to coast.

America's Malady: A Bad Case of 'Baumol's Disease'

Unlike an illness caused by microscopic invaders of your body, which might raise your temperature and cause you physical aches and pains, Baumol's Cost Disease raises wages and causes some painful shifts in a nation's labor balance. Unfortunately, it's natural, and there's no miracle cure.

The Job-Creation Engine Remains Stalled

The economy lost 95,000 jobs in September, mainly because the private sector hired only 64,000 workers while governments cut 159,000 jobs. The unemployment rate was unchanged at 9.6%. Minus the usual boosts from housing and consumers, the U.S. still lacks a catalyst for job creation.