State and Local Job Cuts are Accelerating, Making the Economy Worse and Cutting Education

Nicholas Johnson at the Center on Budget and Policy Studies explains how state and local governments are cutting jobs and how a majority of those jobs lost are education jobs. September 2, 2011 at 1:24 pm Today’s jobs report shows that in August, cuts by states and local governments — especially school districts — wiped … Continue reading State and Local Job Cuts are Accelerating, Making the Economy Worse and Cutting Education

GDP for 2nd Quarter Revised Downward

As is normal practice, the BEA released the second estimate of 2nd quarter GDP growth.  GDP growth was definitely even slower in 2nd quarter than previously reported.  CalculatedRiskBlog tells us: From the BEA: Gross Domestic Product, Second Quarter 2011 (second estimate Real gross domestic product -- the output of goods and services produced by labor and … Continue reading GDP for 2nd Quarter Revised Downward

Unemployment Benefits Cut Will Worsen Things.

CalculatedRiskBlog reports: Here is a depressing report from the National Employment Law Project: States Made Unprecedented Cuts to Unemployment Insurance in 2011 NELP’s new analysis shows that in 2011, six states cut the maximum number of weeks that jobless workers can receive unemployment insurance to less than 26 weeks—a threshold that had served as a standard for all 50 states for … Continue reading Unemployment Benefits Cut Will Worsen Things.