The Commonwealth Institute for Fiscal Analysis says that Virginia’s new two-year budget will result in the loss of 37,000 jobs — bad news for the housing recovery, which is already being held back by high unemployment. Experts say that the housing market won’t rebound until the job market improves.
- State budget will cost jobs, think tank says (The Richmond Times-Dispatch)
- Study: 2-year budget cuts to cost Va. 37,000 jobs (The Virginian-Pilot)
- Think tank says 37,000 jobs to be lost from Virginia budget cuts (The Washington Post)