[enhancement] Raise job timeout error in local scheduler when time_limit is reached

[vkarak]

Closes #2810.

[codecov]

Codecov Report

Patch coverage: 100.00% and no project coverage change.

Comparison is base (23ca09c) 87.35% compared to head (6e93c42) 87.35%.

Additional details and impacted files

@@           Coverage Diff            @@
##           develop    #2934   +/-   ##
========================================
  Coverage    87.35%   87.35%           
========================================
  Files           60       60           
  Lines        11676    11676           
========================================
  Hits         10199    10199           
  Misses        1477     1477           

Impacted Files	Coverage Δ
reframe/core/schedulers/local.py	92.96% <100.00%> (ø)

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