Job growth picks up steam in July, far exceeds expectations

[ProSense]

4. It's the

"If the freakin state and fed governments would just stop making things worse with layoffs"

...state and local governments, not the fed.

<...>

Notice that I said “government in America,” not “the federal government.” The federal government has been pursuing what amount to contractionary policies as the last vestiges of the Obama stimulus fade out, but the big cuts have come at the state and local level...We’re talking big numbers here. If government employment under Mr. Obama had grown at Reagan-era rates, 1.3 million more Americans would be working as schoolteachers, firefighters, police officers, etc., than are currently employed in such jobs.

And once you take the effects of public spending on private employment into account, a rough estimate is that the unemployment rate would be 1.5 percentage points lower than it is, or below 7 percent — significantly better than the Reagan economy at this stage.

http://www.nytimes.com/2012/03/05/opinion/krugman-states-of-depression.html

Krugman: Reversing Local Austerity
http://krugman.blogs.nytimes.com/2012/02/17/reversing-local-austerity/