The Sequestration Equation

Sequester Watch: Michigan Could Lose 10,000 Jobs, $500 Million
FILE - In this March 5, 2009, file photo, Job seekers join a line of hundreds of people at a job fair sponsored by Monster.com in New York. The Federal Reserve projects the unemployment rate will stay elevated until late 2015, suggesting it will keep short-term interest rates low for the next three years. (AP Photo/Mark Lennihan)
FILE - In this March 5, 2009, file photo, Job seekers join a line of hundreds of people at a job fair sponsored by Monster.com in New York. The Federal Reserve projects the unemployment rate will stay elevated until late 2015, suggesting it will keep short-term interest rates low for the next three years. (AP Photo/Mark Lennihan)

Michigan could see a total economic loss of more than $500 million and at least 10,000 jobs in research, health care and defense by October, according to various industry and government projections of fallout from the federal budget sequester.

The sequester -- automatic budget cuts of more than $1 trillion over 10 years, including $85 billion in fiscal 2013 under the federal Budget Control Act of 2011 -- means the Michigan Health & Hospital Association projects a $143 million loss of funding to the state's 134 hospitals in 2013.

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