How Public Sector Layoffs Killed 750,000 Private Sector Jobs

How Public Sector Layoffs Killed 750,000 Private Sector Jobs: As ThinkProgress has noted time and again, the unemployment rate would be up to a percentage point lower if all levels of government hadn’t engaged in severe austerity, shedding hundreds of thousands of jobs. The last three years have been the worst for public employment on record. As a recent study by the Economic Policy [...]/p