Unemployment Rate Soars To 8.1 Percent, Economy Sheds Over 650,000 Jobs in Feb. »

Posted By TimALoftis 9 months, 4 weeks ago in Business & Finance
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WASHINGTON - The nation's jobless rate jumped to 8.1 percent in Feb., the highest since late 1983 and payrolls dropped by 651,000 jobs, the Labor Department reported on Friday

Cost-cutting employers resorted to even bigger layoffs as they scrambled to survive the recession, feeding insecurities among those who still have jobs and those who desperately want them.

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TimALoftis

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    TimALoftis9 months, 4 weeks ago

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    4.4 Million jobs lost since recession began...Last two months of job losses revised meaning that February figure in the end could easily topple over 700,000 jobs lost.

    Soon people will start using the 'D' word and it will have some very true meaning.

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      not2needy9 months, 4 weeks ago

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      We were warned that things would get worse before they got better, we just have to give the process time.. We know one thing for sure, the republicans don't have a solution, and maybe Obama's solution isn't the answer either, maybe it's just too late for anything to work at this point. But whatever happens, it's not the democrats fault. Bush set this in motion with his continuous borrowing and spending, giving huge stimulus to big business and Wall Street! It may be too late!

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      johnramira9 months, 3 weeks ago

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      There is also another opportunity out there just don't give up in looking and strive hard. Just like me. lol

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        aust9 months, 3 weeks ago

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        Theres no doubt there be very hard times for some, just gotta help each other through...

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