Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Bloomberg Customers

U.S. Teacher Job Cuts Push Local Payrolls to Lowest Since 2005

The number of workers employed by local governments in the U.S. fell to the lowest since November 2005 as teachers and other public employees lost their jobs.

Local government payrolls, adjusted for seasonal swings, dropped 35,000 in September to 14 million, the Labor Department reported today. The loss was driven by education payrolls, which slipped 24,400 to a more than six-year low of 7.8 million.

The declines are in contrast to the overall U.S. economy, where payrolls rose by 103,000, easing concern about a resurgent recession. Cities, counties and school districts have been squeezed by diminished tax collections brought on by tumbling home prices, as well as cutbacks in aid from state governments coping with their own budget shortfalls.

Property-tax collections have slipped during the past three quarters, according to the Census Bureau. Most municipal officials said their finances were worse off this year than last, a report last month by the National League of Cities found.

“This confirms for us in real hard numbers the impact of the budget reductions at the local level, both last year and this year,” Chris Mauro, a municipal-debt strategist at RBC Capital Markets in New York, said in a telephone interview.

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.