Percent Job Losses in Post-WWII Recessions (via Calculated Risk)

The Markets and the Financial Media were stunned by the August Jobs report, which said there were no net jobs created in August. Whatever gains there have been in certain sectors of private industry, every parent in the country with school-age kids can tell you how a sizable chunk 0f those gains were erased.

Cuts to school budgets.

Consider, for example, the situation in and around Pittsburgh:

As school starts across the region, the full impact of the approximately $1 billion in state cuts to education funding is becoming apparent.

Students may find more faces of their peers in classes and fewer faces of the adults — teachers, teachers aides, custodians and administrators — who have been furloughed. . .

The Seneca Valley School District, with 7,300 students in southern Butler County,