The first year of President Romney's term (or Obama's next term) will be advantaged by one big trend.
The great public-sector bloodletting is just about done.
Here's a chart of the year-over-year change in public sector employment.
It's well known that this has been the sector that's gotten really decimated, and the fact that it's still a drag on employment is quite remarkable.
It's about to turn positive, providing a major shot in the arm to the labor market.
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