Blog: A Look at New Unemployment Numbers
Marge Clark, BVM
Aug 03, 2012
Job growth continues to be stymied by federal budget cuts. Again, this month, there were 12,000 job losses in the public sector (the way to “save” in cutting budgets is to eliminate workers). These were lost by men – although they gained 89,000 jobs in the private sector (in manufacturing and leisure/hospitality). Women did gain 3,000 public sector jobs in July, despite having lost 403,000 net public sector jobs since June of 2009.
When will some legislators learn that federal budget cuts increase unemployment, therefore reducing both state and federal revenue, and costing both in unemployment benefits?