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january job loss
brooklyneast05
post Feb 6 2009, 10:53 AM
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Job loss: Worst in 34 years
Employers slashed 598,000 more jobs in January as unemployment rate climbed to 7.6%.



QUOTE
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.

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illriginal
post Feb 11 2009, 03:07 PM
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Luckily I haven't lost my job yet. I'm almost done saving up $20,000, once it's accomplished I will be leaving the U.S. biggrin.gif
 

Posts in this topic
brooklyneast05   january job loss   Feb 6 2009, 10:53 AM
WarMachine   Join the Marine Corps.   Feb 6 2009, 12:11 PM
Melie   QUOTE(WarMachine @ Feb 6 2009, 12:11 PM) ...   Feb 6 2009, 03:46 PM
WarMachine   QUOTE(Melie @ Feb 6 2009, 11:46 PM) yeah...   Feb 6 2009, 04:11 PM
Melie   QUOTE(WarMachine @ Feb 6 2009, 04:11 PM) ...   Feb 6 2009, 09:58 PM
Rachel   FML. I need a job so badly :(   Feb 6 2009, 03:44 PM
karmakiller   At this rate I'll be living with my parents wh...   Feb 6 2009, 04:14 PM
WarMachine   QUOTE(karmakiller @ Feb 7 2009, 12:14 AM)...   Feb 6 2009, 04:20 PM
karmakiller   QUOTE(WarMachine @ Feb 6 2009, 03:20 PM) ...   Feb 6 2009, 04:35 PM
Sycophant   THANKS OBAMA!   Feb 6 2009, 10:09 PM
WarMachine   QUOTE(Sycophant @ Feb 7 2009, 06:09 AM) T...   Feb 7 2009, 02:34 AM
mipadi   QUOTE(WarMachine @ Feb 7 2009, 02:34 AM) ...   Feb 7 2009, 09:27 AM
WarMachine   QUOTE(mipadi @ Feb 7 2009, 05:27 PM) What...   Feb 7 2009, 09:36 AM
mipadi   QUOTE(WarMachine @ Feb 7 2009, 09:36 AM) ...   Feb 7 2009, 11:27 AM
WarMachine   QUOTE(mipadi @ Feb 7 2009, 07:27 PM) Smug...   Feb 8 2009, 02:33 AM
Elba   QUOTE(WarMachine @ Feb 7 2009, 11:33 PM) ...   Feb 10 2009, 12:31 AM
kryogenix   QUOTE(Sycophant @ Feb 6 2009, 09:09 PM) T...   Feb 7 2009, 11:36 AM
Joannnnnne   There's been a bunch of job losses here up nor...   Feb 7 2009, 02:27 AM
Tomates   our Governor in muchigan was saying "Its only...   Feb 7 2009, 10:32 AM
heartquasm   ^ YEAH CUZ ITS ALWAYS DARKEST BEFORE DAWN NYEH...   Feb 7 2009, 10:38 AM
Tomates   My friend got laid off from his job and he is only...   Feb 7 2009, 10:43 AM
illmortal   Luckily I haven't lost my job yet. I'm alm...   Feb 11 2009, 03:07 PM
DoubleJ   Oddly enough, they are increasing my hours while i...   Feb 11 2009, 03:34 PM


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