UPDATED: New Report Predicts Widespread American Job Losses

Jul 16, 2012, 10:03 ET from Aerospace Industries Association

Government Employees, Teachers, Nurses Among At-Risk Workers

ARLINGTON, Va., July 16, 2012 /PRNewswire-USNewswire/ -- Economist Dr. Stephen Fuller of George Mason University will unveil a new report detailing staggering American job losses in 2013 and beyond resulting from the Budget Control Act of 2011.  The report, commissioned by the Aerospace Industries Association, will update previous projections of defense-dependent job losses, and provide the first comprehensive analysis of anticipated job losses in other sectors of the economy. 

"This report shows that sequestration is not just a defense problem, it's an American problem," said AIA President and CEO Marion C. Blakey.  "Unless our leaders in Washington take action, massive cuts have the potential to impact everyone from the defense worker to teachers, healthcare professionals, government employees and beyond."

Senator Kelly Ayotte (R-NH) and Senator Jeanne Shaheen will join AIA President and CEO Marion Blakey and report author Stephen Fuller along with the mayors of San Diego and Phoenix at a press conference releasing the report on Tuesday, July 17.

WHAT: Release of report detailing projected American job losses from the Budget Control Act of 2011 mandating "Sequestration" in January 2013

WHEN:  Tuesday, July 17 at 10:00 a.m. EDT

WHERE:  Hyatt Regency Washington on Capitol Hill
The Thornton Room, 11th Floor
400 New Jersey Avenue, NW, Washington, D.C., USA 20001
(202) 737-1234 (for directions only)

WHO:  Marion C. Blakey – President and CEO, Aerospace Industries Association
Senator Jeanne Shaheen (D-NH)
Senator Kelly Ayotte (R-NH)
San Diego Mayor Jerry Sanders
Phoenix Mayor Greg Stanton
Stephen S. Fuller, Ph.D. – Director, Center for Regional Analysis, School of Public Policy at George Mason University

The event will be streamed live at www.SecondtoNone.org

SOURCE Aerospace Industries Association