On the way to the office the morning, I saw about 10 new "retail space available" signs that weren't around a few weeks ago. During the same time, I saw no new retail establishments being started. This is part of the larger problem in America right now - the private sector is not creating new jobs to replace the ones that are being destroyed.
The public sector continues to hire (the extent to which budget is available). But the net result is there will be many more applicants for public sector jobs like for police employment. KVEWTV reports applications for police jobs up 36% in Richmond