Report: Private sector compensates for lost federal jobs

Nick Iannelli, wtop.com

WASHINGTON — Sequestration has spurred a lot of grim conversation about federal job loss.

The broad spending reductions that kicked in last Friday may claim thousands of positions in the D.C. area, and they are just the latest in a series of budget cuts affecting the region in recent years.

But help is apparently on the way from the private sector.

A new study cited in the Gazette shows cutbacks will likely claim about 4,000 federal government jobs in Montgomery County alone by 2017.

However, the private sector is adapting and compensating for the loss.

According to the George Mason University report, over that same period, new private jobs will total around 44,000.

Montgomery County jobs numbers have also caught up to pre-recession levels in recent months.

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