Friday, February 1, 2008

Should We Start Paying Attention Now? New York Times: U.S. Economy Unexpectedly Sheds 17,000 Jobs

For complete article please click link

Published: February 1, 2008

The economy lost 17,000 jobs in January, the Labor Department reported on Friday, the first monthly decline in four years and the most striking evidence yet that the United States may be slipping into a recession.

Until now, the labor market had been growing at a steady if softening pace. Many economists pointed to expanding payrolls as the final holdout in a sluggish economy weighed down by trouble on Wall Street, the collapse of the housing bubble, and a cascade of credit problems linked to soured subprime mortgages

What always amazes me is that people forget about those who are holding a job (or two) but are underemployed - not enough income, no health benefits, etc. And these are not people spending frivously.



Anonymous said...

its not cool like i am the softening is a little on the no way u screaming taco.just thought i wood u know wood dah!wood is the flood u know only mine thou shall i coments to use your starver hungery.well i guess i cannot.cause he ain't rammen not top rammen and he ain't no noodle to just slurp at gonna make your river hudson.chickens of me spliter and im not just sittin on u know that big flat thing thats called your butts little girls with no rings on your fingers.just terdrings.kinda not romantic if u smell whats stinkin!the cool i am super of me!voicewithin where im the smartest!

A Family/Group Member said...

Okay I guess you had something to say but couldn't quite find the words to say it. Good luck with that