Expect lots of government layoffs at state, local level

[cory777]

Source: USA Today

Here's another headwind for a sputtering job market: State and local governments plan many more layoffs to close wide budget gaps.

Up to 400,000 workers could lose jobs in the next year as states, counties and cities grapple with lower revenue and less federal funding, says Mark Zandi, chief economist for Moody's Economy.com.

The development could slow an already lackluster recovery. Friday, the Labor Department said employers cut 125,000 jobs, mostly because 225,000 temporary U.S. Census workers completed their stints. The private sector added 83,000 jobs, fewer then expected, as the jobless rate fell to 9.5% from 9.7%.

Layoffs by state and local governments moderated in June, with 10,000 jobs trimmed. That was down from 85,000 job losses the first five months of the year and about 190,000 since June 2009.

Read more: http://www.usatoday.com/money/economy/employment/2010-07-06-jobs06_ST_N.htm

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[Sherman A1]

1. Also expect traffic enforcement to go up

in an attempt to increase revenue by local communities. There will be more red light cameras, speed cameras, speed traps and alike as police departments make an effort to not only support their own budgets but add to city coffers.

[No Elephants]

2. Guess real estate taxes will go up.

[saracat]

3. I just do NOT understand why the Federal Government is making NO effort to create JOBS!

We NEED a Federal JOBS Program. FDR even provided work for artists. We are providing work for nobody!

[Ghost Dog]

4. That will be because the plan is to drive US wages down,

far down - and many prices too - in order to be competitive with elsewhere in the world.

This will be achieved by this provoked depression and the impending deflation.

[BeFree]

5. yep, that is The Truth

Globalization. Equanimity of the poor vs. Hierarchy of the rich.

The more rich people there are (Americans) the less rich the really rich are.

The non-boundless growth has reached a boundary. Resources are being maxed out and with that the really rich see that in order to stay really rich they must hoard all there is, and all that hoarding ends up restricting the middle class since they are the only ones who can give up anything besides their lives.

Giving up their lives is what the poor in Iraq and elsewhere are doing to keep the really rich really rich.

Equally poor is the only equality the really rich believe in.

[Hawkowl]

6. Obama is a monumental fool

That is the only explanation I can come up with, aside from him simply not giving a rats ass.