It’s less than we need.
The story reports that a collection of local government associations estimated that, nationally, local governments may cut almost 500,000 jobs through 2011 (or 8.6% of their total workforces).
These are only estimates, and they say nothing about how any particular community will fare.
In any event, sacrifices should always begin at the top, as meaningful reductions in municipal compensation costs.
See, Bloomberg: Jobless Claims in US Declined by 11,000 to 457,000