Barry Ritholtz, Columnist

Is State and Local Austerity Ending?

After four years of contracting state and local governments, has the drag on local economic activity finally ended?

November 12, 2013 at 1:25 PM UTC

Barry Ritholtz is a former Bloomberg Opinion columnist. He is chairman and chief investment officer of Ritholtz Wealth Management, and was previously chief market strategist at Maxim Group. He is the author of “Bailout Nation.”

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After four years of contracting state and local governments, has the drag on local economic activity finally ended?

That appears to be the case, based on recent hiring and spending trends for many state and local areas.