What’s in Store for the Public Sector

“This is only beginning of the losses,” said Heidi Shierholz, a labor economist at the Economic Policy Institute.  Shierholz mentioned that with 49 of 50 states required by law to balance their budgets, the states have no choice but to cut more spending and raise taxes.  Economists agree that the “Band-Aid” package that the Senate approved on Wednesday is not enough to hinder future layoffs in the public sector.  This package is proposed $26 billion legislation in Congress intended to prevent more teacher, police officer and firefighter layoffs.  The public sector job losses rose to 48,000 in July.  This is the biggest loss in the sector in a year, and is not counting government losses from temporary positions collecting federal census data. Many governments began their fiscal year in July which also started a new round of layoffs due to so many states and cities facing budget cuts and stimulus dollars running short.

Short URL: http://newsplethora.org/?p=2402

Posted by newsplet on Aug 8 2010. Filed under Business, Featured News. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

6 Comments for “What’s in Store for the Public Sector”

  1. buttrick@levels.cosmo” rel=”nofollow”>.…

    благодарен!…

  2. offerings@yellow.foot” rel=”nofollow”>.…

    tnx for info….

  3. intentional@conway.blast” rel=”nofollow”>.…

    благодарствую!!…

  4. direct@painteresque.boasting” rel=”nofollow”>.…

    ñýíêñ çà èíôó!…

  5. booty@enlarging.butter” rel=”nofollow”>.…

    tnx for info!!…

Leave a Reply

Photo Gallery

Log in | Designed by Gabfire themes