State and local jobs losses in one chart
For context, the economy actually lost jobs in July. And that's a problem: Turning 316,000 people out of their jobs means it will be harder for everyone else on the job market to get a new job, as there'll be even more competition for the few openings we have. With about five job-seekers competing for every open position, if one of these state employees gets a new job, that's four other folks who're out of work who won't get that job.
Some people want to use our economic slump as an opportunity to address all sorts of things they don't like in the states. Bill Wilson, president of Americans for Limited Government, "argue[s] that states have hired far too many teachers in the last decade and that they should be downsizing the pool of teachers rather than asking for a federal bailout."
Whatever you believe about how many teachers should've been hired in the first place, this is a bad time to start laying them off. Fire them in a normal economy, and they can find new jobs. Fire them in this economy, and they either can't find new jobs, or in finding new jobs, they make it so other people can't find new jobs. When you've got an unemployment problem, adding to the ranks of the unemployed makes solving it a lot harder.
Graph credit: CBPP.
August 12, 2010; 9:35 AM ET
Categories: Charts and Graphs
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