The Real Signal - Housing + Real Estate + Macro

The Real Signal - Housing + Real Estate + Macro

The Real Signal #125 - Public Sector Spending and Job Growth Rolling Over

Plus articles on Opportunity Zone Investing Is Housing Rocket Fuel and The Real Tariff Story

Mar 15, 2025
∙ Paid

Public Sector Spending and Job Growth Rolling Over

“One year ago, 85% of US job market growth was in government and sectors dependent on government spending like health and education.

In 2024, one third of GDP came from government spending, a record high excluding periods of war or crisis; this was financed by 6-7% budget deficits, another peacetime recor…

Keep reading with a 7-day free trial

Subscribe to The Real Signal - Housing + Real Estate + Macro to keep reading this post and get 7 days of free access to the full post archives.

Already a paid subscriber? Sign in
© 2025 Scott Choppin
Privacy ∙ Terms ∙ Collection notice
Start your SubstackGet the app
Substack is the home for great culture