State, local governments set to see record job cuts, layoffs

Pale Blue Dot

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Mon Jun-06-11 10:32 AM
Original message

State, local governments set to see record job cuts, layoffs

Don't look to state and local governments to prop up the job market.

To the contrary, this cash-strapped sector is set to go on a record-breaking layoff binge when the new fiscal year starts on July 1.

State and local governments are forecast to shed up to 110,000 jobs in the third quarter, the first time the blood-letting has risen into the triple digits, according to IHS Global Insight.

"We're on a downward path," said Greg Daco, principal U.S. economist at IHS. "It's not looking good."

http://finance.yahoo.com/news/State-local-governments-set-cnnm-4227360729.html;_ylt=AvVijiFadGOJCwCtXc3EmJy7YWsA;_ylu=X3oDMTE2NzkwZjJlBHBvcwMxMgRzZWMDdG9wU3RvcmllcwRzbGsDc3RhdGVsb2NhbGdv?x=0&sec=topStories&pos=9&asset=&ccode=

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xchrom

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Mon Jun-06-11 10:34 AM
Response to Original message

1. recommend

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(1000+ posts) Send PM | Profile | Ignore

Mon Jun-06-11 11:44 AM
Response to Original message

2. This will only make the situation worse.

Less people working, less money being spent on Main Street. Less money spent, less taxes, more government cuts. And around and around the drain we go.

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The Backlash Cometh

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Mon Jun-06-11 11:47 AM
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3. As much as I get down on whatever passes as civil servants these days,

the truth is, that idiot Republicans are taking money out of the hands of consumers when they continue to cut jobs in the public sector.

We should keep count of the number of jobs they're destroying because, at the next election period, we should put up numbers on a billboard to see how many jobs were created by Democrats, and how many by Republicans. When you add the public sector jobs, Republicans will be in the negatives.

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Horse with no Name

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Mon Jun-06-11 11:49 AM
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4. It has already happened where I live

More than a year ago.

All city/county jobs are parttime without benefits (except for the fatcats sitting in the big chairs--they lost nothing.)

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