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Saturday, August 4, 2012

Labor Dept. Waives 60-Day Notice To Help Obama Win

Mandatory 60 day warning of mass defense layoffs due to the end of federal contracts are due to go out 3 days before the election.  There are a lot of voters in Northern Virginia, a critical swing state, who work for defense contractors, and cuts caused by sequestration will affect them and the future of their families.

Nationwide, Stephen Fuller, director of George Mason University's Center of Regional Analysis, estimates the across-the-board reduction could cost the country 2.14 million jobs and increase unemployment by as much as 1.5 percentage points.

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