If this article is right, then the job losses at the state level has barely started unless the federal government bails them out.
States are looking at a total budget gap of $180 billion for fiscal 2011, which for most of them begins July 1. These cuts could lead to a loss of 900,000 jobs, according to Mark Zandi, chief economist of Moody's Economy.com.
To close this gap, governors and lawmakers will be forced to lay off state employees, cut services and postpone capital projects, said Michael Bird, federal affairs counsel for the National Conference of State Legislators.
Already, states laid off 44,000 workers in the 12 months ending in January, according to federal labor statistics.