Feb. 24 (Bloomberg) — Move over, investment bankers. The next victims of populist backlash are going to be state- and local-government workers.
As usual, it’s all about the numbers, except this time we’re not talking about dollars in a bonus check. No, this time it’s about numbers of jobs.
Businesses have fired 8.5 million people, or 7.4 percent of those on the payroll when employment peaked in December 2007. Local governments kept hiring through September 2008, and since then have fired 141,000 workers, less than 1 percent of the 14.6 million they had at the top, according to the U.S. Bureau of Labor Statistics. Click the image for the full story.