Why has the public sector had difficulty hiring in the past?What are some possible downsides due to the actions taken with the hiringexperiments?What are some economic factors that could derail the government's hiring spree? The Big Employer Still Adding Jobs and Boosting Pay: The GovernmentSummary: Something has vexed many of us regarding unemployment. Why, ifcorporations like Google, Apple, Meta, and countless other large corporations arelaying off workers, how have our employment numbers been so strong? Onereason, as a survey recently conveyed, hiring after the pandemic has been sodifficult and expensive, even as the economy cooled, CEOs are not letting go of asmany workers as they normally would. Second, the government is on a hiringspree and filling those back-logged positions. As companies are reducing theirheadcount, and unemployment benefits are no longer available for many workers,the government can hire for their difficult-to-fill positions. While unemployment issupposed to go down as the Fed raises interest rates, this employment market hasbeen stubborn. It begs the question; what will the Fed have to do to finally slowhiring?

The public sector alludes to the piece of the economy made out of both public services and public…

Why has the public sector had difficulty hiring in the past? What are some possible downsides due to the actions taken with the hiring experiments? What are some economic factors that could derail the government's hiring spree?

Why has the public sector had difficulty hiring in the past? What are some possible downsides due to the actions taken with the hiring experiments? What are some economic factors that could derail the government's hiring spree?

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

Why has the public sector had difficulty hiring in the past?
What are some possible downsides due to the actions taken with the hiring
experiments?
What are some economic factors that could derail the government's hiring spree?

The Big Employer Still Adding Jobs and Boosting Pay: The Government
Summary: Something has vexed many of us regarding unemployment. Why, if
corporations like Google, Apple, Meta, and countless other large corporations are
laying off workers, how have our employment numbers been so strong? One
reason, as a survey recently conveyed, hiring after the pandemic has been so
difficult and expensive, even as the economy cooled, CEOs are not letting go of as
many workers as they normally would. Second, the government is on a hiring
spree and filling those back-logged positions. As companies are reducing their
headcount, and unemployment benefits are no longer available for many workers,
the government can hire for their difficult-to-fill positions. While unemployment is
supposed to go down as the Fed raises interest rates, this employment market has
been stubborn. It begs the question; what will the Fed have to do to finally slow
hiring?

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