Saturday, March 6, 2010
Unlce Sam's Payrolls
In spite of job losses, the Federal Government has been increasing jobs. Throughout the recession, the federal government grew, and as of recently there has been a huge spike in the sector. State employment has stayed steady, but local government has been decreasing in jobs. However, not every sector in the federal government is doing well. The US Postal Service has decreased employment by 114,300, which is almost 15% of their payroll. The US Postal Service has been seeing a decline though since the 90's and have been thinking about eliminating deliveries on Saturdays! (There are some graphs that demonstrate these figures in the article)
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This downsizing in jobs was very prevalent in Sacramento and other parts of California last year. Sacramento downsized the amount of local law enforcement in the city significantly.
I find these large changes to be quite intriguing. It's interesting to watch to see how our economy is changing and will change as a result of this recession. Also, it will be interesting to see how the government's role (local, state, and federal) changes within our economy. Will we have dramatic or gradual changes? Which is best? There could be consequences for acting too quick, but penalties also if we let the economy collapse further.
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