Photo: National League of Cities
Today’s jobs report showed state governments as the crucial economic problem.
Public sector layoffs are growing after a four-year decline in state revenue, according to annual report from the National League of Cities.
This problem will just get worse next year, as property taxes decline to reflect fallen property values.
And now the austerity measures: Personnel cuts, delayed projects and cuts in services lead the barrage
Forms of personnel cuts include hiring freezes, reduced expense accounts, and salary freezes -- and layoffs
NOW WATCH: Money & Markets videos
Business Insider Emails & Alerts
Site highlights each day to your inbox.