From NBCNews:…..”More job cuts are on the way as the river
of government spending flowing through the U.S. economy continues to slow. The
$85 billion federal spending squeeze – part of a doomsday budget package
originally approved last summer to force a more rational spending plan – has
now lopped more than a full percentage point from gross domestic product over
the past six months and eliminated tens of thousands of federal jobs.
“The hit to federal payrolls is expected to show up Friday
in the latest monthly job numbers for April. Most economists are expecting the
report to show a net gain of 145,000 jobs, according to the economists polled
by Reuters….
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