Crain’s recently came out with their list of the largest Chicago-area employers. What I found notable was that the top 5 employers are various government entities (federal, state and local).
Of course, this situation is not unique to the Chicago area. Many states have a large percentage of their total jobs as government jobs.
While many might be indifferent to this situation – assuming that a “job is a job” – from an overall economic standpoint it is troubling on various fronts.
One such front that deserves special attention is that which I discuss in the “America’s Economic Future: ‘Greenfield’ or ‘Brownfield’?” article.
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SPX at 1161.65 as this post is written