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Exact(4)
The local layoffs are part of a broader downsizing by the firm, based in Pasadena, Calif.
Those declines were mostly driven by state and local layoffs at first; lately, the layoffs have gotten worse at the federal level.
"Without some relief from the federal government, state and local layoffs could undermine prospects for sustained economic recovery".
The financial oligarchs instead of pouring millions into "Super PACs" and lobbying efforts for special favors in Washington should be forced to contribute to a restitution fund (like BP did during the Macondo oil spill) to offset local layoffs of public employees and to reset underwater mortgages with principal reductions to current prices.
Similar(56)
But the continuing wind-down of the 2010 Census, as well as state and local government layoffs, led to an overall loss of 54,000 jobs in August.
Government cutbacks, not just the sequester and other federal budget cuts but also several years of state and local government layoffs, appear to be an important factor in holding back the economic expansion.
At a time when state and local government layoffs are the principal factor in unemployment, the Ryan budget would cut aid to desperate governments by at least 20 percent, far below historical levels, on top of other cuts to mass transit and highway spending.
Local government layoffs have hurt economic growth in the state, said Thomas Stinson, an applied economics professor at the University of Minnesota and an economist for the state.
In fact, local government layoffs across the United States and in Illinois are increasingly viewed as the key drag on the floundering recovery.
The obvious (though politically unpopular) solution is stimulus spending focused on fixing the country's rapidly collapsing physical infrastructure, together with the revenue needs of states and local governments, whose layoffs have been contributing to the jobs crisis.
After the layoffs, the local work force will be 1,600 employees, Boeing said.
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