According to the CoL's research, the number of LPC graduates is now falling faster than the number of trainee jobs, meaning a shortfall of trainees could arise as early as this year.
"Instead of tackling Job 1, the budget shortfall, or even Job 2, creating jobs, the Democrats continued to display their pent-up demand since they last sat in the governor's office for creating more government, more government spending and by relentlessly pushing the liberal agenda," said Jerry Labriola Jr., chairman of the Connecticut Republican Party.
It does not do nearly enough to address the ominous shortfall of jobs among the young people who have been driven from the job market -- and marginalized economically -- in record numbers.
But neither statement captures properly the shortfall of jobs that has built up over the last three years.
And Motorola Inc. said it would cut 2,000 jobs amid another revenue shortfall.
Its low rate of inflation is symptomatic of weak demand, which can account for its output loss and much of the shortfall in jobs.
I think there are structural elements to the downturn, but I believe that its easier to attribute to them shortfalls in job creation over a longer time period (say, the last decade) than it is the acute collapse in employment we saw in late 2008 and early 2009.My best guess at the scenario that got us that labour market implosion goes something like this.
In the face of continued budget shortfalls, our job now is to find ways to deliver City services cheaper, smarter, and more efficiently.
Almost every state experienced decreased output, a loss of jobs and budget shortfalls during the economic downturn.
