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Business / Finance / Markets / Money

Even Worse than We Thought

Even Worse than We Thought

The Brownback-Kansas experiment, that is. Revised employment data for Kansas shows that employment was flat for nearly a year and a half, before crashing in mid-2017.


Figure 1: Kansas nonfarm payroll employment, January release (thick red), December release (pink), 000’s, s.a., on log scale. Light green shading denotes period in which data revised/benchmarked. Source: BLS via FRED, ALFRED.

A longer term perspective shows the extent of the deterioration. Kansas was trending faster than Missouri before Brownback’s terms.


Figure 2: Kansas nonfarm payroll employment (red), Missouri (blue), 000’s, s.a., on log scale. Light orange shading denotes period in which tax cut in place. Source: BLS via FRED, ALFRED.

The recovery in employment occurs only with the partial end of the tax cuts implemented in 2003.

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