Friday, July 8, 2011

"Ugly. I mean really ugly."

So says the WSJ blog "Real Time Economics" about today's job report.  Essentially June hiring was flat and the figures for April and May (which were not great) were revised sharply downward.  The private sector added 57k jobs while government dropped 39k.  In the coming months the government numbers are going to get uglier as state and local governments in most states adjust to budget cuts.  For instance NC State's budget is going to be $79.2m smaller in the coming fiscal year, which will translate into a loss of jobs on and off campus. 

No comments:

Post a Comment