Subprime Fallout Devastates Educators and Teens

The September jobs report offered bleak news, but details within the report showed that those worst hit are hardly the perpetrators of our financial system’s undoing.

It is true that there are far fewer jobs in finance, and that many CEOs are facing a steady headwind of public anger over salaries and compensation packages, but unemployment is far worse for some groups that have nothing to do with this scenario.

The report shows that state governments laid off approximately 10,000 workers in the last month.  That is in (more…)