Godlike Productions - Conspiracy Forum
Users Online Now: 1,357 (Who's On?)Visitors Today: 278,840
Pageviews Today: 360,215Threads Today: 83Posts Today: 1,594
03:05 AM

Rate this Thread

Absolute BS Crap Reasonable Nice Amazing

Employers slash jobs by most in 5 years(63,000 jobs lost)

Offer Upgrade

User ID: 373525
United States
03/07/2008 08:58 AM
Report Abusive Post
Report Copyright Violation
Employers slash jobs by most in 5 years(63,000 jobs lost)
It is only going to get worse. My state just let go 200 teachers yesterday.

[link to www.msnbc.msn.com]

WASHINGTON - Employers slashed jobs by 63,000 in February, the most in five years, the starkest sign yet the country is heading dangerously toward recession or is in one already.

The Labor Department’s report, released Friday, also showed that the nation’s unemployment rate dipped to 4.8 percent as hundreds of thousands of people — perhaps discouraged by their prospects — left the civilian labor force. The jobless rate was 4.9 percent in January.

Job losses were widespread, with hefty cuts coming from construction, manufacturing, retailing and a variety of professional and business services. Those losses swamped gains elsewhere including education and health care, leisure and hospitality, and the government.