The Booming Economy

As anybody who has been following the news knows, the number of people getting unemployment benefits is the highest in 27 years.

Public employees are NOT immune to layoffs:

States and public institutions, hard hit by falling revenues and federal budget cuts, are also cutting jobs.


After a five-day impasse the California state legislature approved a $41 billion budget Thursday morning. Governor Arnold Schwarzenegger, who had initially crafted the budget in conjunction with state Democrats, is expected to sign the deal, which includes billions in spending cuts for schools, healthcare institutions and social programs and which will inevitably result in large job cuts.


The governor of Tennessee said that because of monies received from the federal stimulus package the state would reduce a number of planned layoffs, originally set at 2,300, but would still have to cut other jobs nonetheless.


In Pennsylvania, Governor Edward Rendell said that if the unions accepted $80 million in concessions over the next two years the number of layoffs would stay below 1,000. If not, up to 3,000 workers would lose their jobs.


Governors in Maryland, Kentucky and other states have also indicated that layoffs are coming.