Wednesday, July 13, 2011

Fact #3

The loss of public sector jobs is a huge obstacle to growth in this recovery.
-         “The public sector is now shedding around 25,000 jobs per month, largely due to budget cuts at the state and local level. Since the official end of the recession, the public sector has lost 430,000 net jobs, while the private sector has added 980,000 net jobs…more than 40% of the private-sector job gains in this recovery have been canceled out by job losses in the public sector.”

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