Wednesday, July 18, 2012

Study warns of job losses

The four states along the Gulf Coast Aerospace Corridor would lose a combined 158,341 jobs as a result of automatic governments spending cuts due to kick in Jan. 2, 2013. That's according to a study commissioned by the Aerospace Industries Association. Of the four, Florida would lose the most with 79,456 jobs eliminated, followed by Alabama with 38,778. Louisiana would see 28,432 jobs go away and Mississippi 11,672. The report by George Mason University says 2.14 million jobs could be lost nationwide in one year if the $1.2 trillion in mandated cuts take effect. (Source: GCAC, 07/18/12) AIA news releasestudy