Those employment spikes near the gray recession lines are what we call "employer of last resort" 😏
TIL that the number of US federal government employees has hovered between approx. 2.7Mil and 3Mil since 1967. Lowering the per capita ratio from 1.5 employees per 100 people to 0.9 employees per 100 people.
https://fred.stlouisfed.org/series/CES9091000001
#til #todayilearned
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