january job loss Options

[brooklyneast05]

Job loss: Worst in 34 years
Employers slashed 598,000 more jobs in January as unemployment rate climbed to 7.6%.

NEW YORK (CNNMoney.com) -- Employers slashed another 598,000 jobs off of U.S. payrolls in January, taking the unemployment rate up to 7.6%, according to the latest government reading on the nation's battered labor market.

The latest job loss is the worst since December 1974, and brings job losses to 1.8 million in just the last three months, or half of the 3.6 million jobs that have been lost since the beginning of 2008.

The loss since November is the biggest 3-month drop since immediately after the end of World War II, when the defense industry was shutting down for conversion to civilian production.

January's job loss was also worse than the forecast of a loss of 540,000 jobs from economists surveyed by Briefing.com

The rise in the unemployment rate also was worse than the 7.5% rate economists expected. The unemployment rate is now at its highest level since September, 1992.

more

[Sycophant]

THANKS OBAMA!

[sixfive]

THANKS OBAMA!

What the fuck dude. Obama just got into office and here you are saying that it's all His fault that the economy is this way? Are you retarded? It's not even been a month and you blame ALL OF THIS on Him? You're clearly very closed minded or a racist dawg, you don't even explain why it's His fault. Oh my god I can't believe people like you still come out and try to argue and talk about this or talk about that and think that you're "in the know." Grow up child, I could beat you up one on one any day, with or without a broken foot. Ignorant shithead.