651K jobs lost in February, 4.4M since December 2007
ugly, ugly, ugly, and getting uglier every month...
and yet we continue to burn up the printing presses, creating more worthless money out of thin air, and throwing it at failed financial institutions... i may not be a financial expert, but even i can see that what we're doing is certifiably NUTS...!
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Another 651,000 jobs were lost in February, adding to the millions of people who have been thrown out of work as the economic downturn deepens.
In a stark measure of the recession’s toll, the Bureau of Labor Statistics reported on Friday that the national unemployment rate surged to 8.1 percent last month, its highest in 25 years. The economy has now shed more than 4.4 million jobs since the recession started in December 2007.
and yet we continue to burn up the printing presses, creating more worthless money out of thin air, and throwing it at failed financial institutions... i may not be a financial expert, but even i can see that what we're doing is certifiably NUTS...!
Labels: Bureau of Labor Statistics, economic collapse, financial meltdown, recession, unemployment
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posted by profmarcus at
3/06/2009
