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February Job Losses Worst in Five Years

News Flash: Job Losses Worst in Five Years

Analysts are interpreting the recent Labor Department reports as an obviously weakening US job market. The 63,000 jobs cut in February made it the worst month for job loss in five years, and the cuts were a noticeable increase from January's cuts that amounted to 22,000. Job losses were spread across multiple industries —factories, construction companies, mortgage brokers, real-estate firms, retailers, temporary-help firms, child day-care providers, hotels, educational services, accounting firms and computer designers were all part of the 63,000. In reaction to the report, President Bush said, "It's clear our economy has slowed," but he's relying on the economic stimulus to generate growth in the coming months.

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freegracefrom freegracefrom 7 years
aimeeb + carhornsinapril - I'm sorry, girls. :( I hope you find something even better soon. In reaction to the report, President Bush said, "It's clear our economy has slowed," but he's relying on the economic stimulus to generate growth in the coming months. HAH.
bellaressa bellaressa 7 years
Sorry, ladies I was laid off Aug 07. I hope you two find something soon.
carhornsinapril carhornsinapril 7 years
i was laid off in january. it sucked.
aimeeb aimeeb 7 years
Ya I'm amidst all this, I just got laid off... :(
tee0206 tee0206 7 years
Ha, maybe it's a good time to start considering grad school...
raieven raieven 7 years
scary.
imLissy imLissy 7 years
I have pretty good job security at the moment. Lots of people lost their jobs in the 80s/90s when things weren't going so well, but everything's great now, so they're hiring lots of new people. Sucks for everyone else though :(
bellaressa bellaressa 7 years
Princessjaslew, I agree with you and I did the same thing 3 years ago. It just seems when our great president got into office everything slowed down and went down hill.
princessjaslew princessjaslew 7 years
the reason why i went to grad school 4 years ago was because the economy was slowing down. i keep hoping that by the time i'm ready to really enter the real world (and hopefully as an adult), the economy would be better...talk about day-dreams!
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