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More evidence that austerity doesn’t work
Posted By Rob Schofield On August 15, 2012 @ 3:54 pm In Uncategorized | Comments Disabled
The latest issue of the NC Budget and Tax Center’s Prosperity Watch  is out and it provides additional confirmation that government austerity ain’t what is needed to get the economy going.
“Recent trends in the national labor market demonstrate the harm inflicted on the economy by cutting government spending and laying off government employees in the middle of an already challenging economic recovery. Just as with private sector layoffs, government layoffs increase the number of people out of work. And given that there are already nearly three times the number of people looking for work than there are job openings , these public sector layoffs only serve to increase overall unemployment.”
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URL to article: http://pulse.ncpolicywatch.org/2012/08/15/more-evidence-that-austerity-doesnt-work/
URLs in this post:
 latest issue of the NC Budget and Tax Center’s Prosperity Watch: http://www.ncjustice.org/?q=prosperity-watch-issue-16#16_2
 nearly three times the number of people looking for work than there are job openings: http://www.bls.gov/news.release/jolts.t01.htm
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