Jeff Altman, The Big Game Hunter, has forecast a second labor market dip beginning in 2011-2012.

"It pains me to make this forecast but I so not see a way to avoid another Round of labor cuts wihout another financial crisis."

"Whether one agrees with it or not, the President's stimulus bill was a gamble that state and local tax revenues would return to previous levels within three years. I see no way of that happening. As a result, government will start by threatening layoffs of teachers, police and firefighters like they usually do in an effort to scare the public intgo agreeing to tax increases."

"This time, the tactic will not work. As a result, state and local governments will be forced to cut spending for the first time in eons, resulting in huge layoffs. "

"The one scenario that could forestall this is the nationalization of state and local debt . . . and, given the climate in the country, I see little liklihood of that occurring."

Jeff Altman, The Big Game Hunter is a professional recruiter, author and publisher. He writes, "The Job Market" commentary for www.TheJobMarketBlog.com and is the author of "Get Yourself Hired NOW," "Get Your Job Search Organized NOW," "No B.S. Job Search Advice,"a nd "The Single Best Question You Should Ask on Any Interview." He also publishes, "No B.S. Job Search Advice Ezine" and "No B.S. Hiring Advice Ezine."

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