Yep - itís a good thing. My bad.
Overall, the economy has shed 324,000 jobs this year, the worst start to a year since 2002, when the nation was still struggling with the aftereffects of a recession.
The job losses in the payroll report were widespread, as the battered construction industry lost 34,000 jobs and manufacturers cut 26,000 jobs from the nation's factories. But the service sector also saw job losses in many sectors, as retailers trimmed 27,000 jobs. The business and professional services categories took a 39,000 job hit.
"The business and professional has to be a focus of concern. The job losses have broadened out," Silvia said. "Those are generally good-paying jobs. This is a clear sign the weakness is spreading beyond the construction and manufacturing."
BTW, I would bet you even money that the guy that wrote that articel for Money will vote for Obama. He starts off the sky is falling routine in his first paragraph so that tells me that he is a loony liberal in my opinion with his tirade about high oil prices, housing crash, credit markets etc. etc..
Last edited by lacarnut; 06-06-2008 at 03:15 PM.
I'm not blaming Clinton. I am just drawing a comparison in the way things are reported. During much of the Clinton administration we had far higher rates of unemployment and it got reported as an economic boom.
Here we have an unemployment rate that is lower than the historical average of each of the last few decades and the media plays chicken little.
Wages are higher - even AFTER adjusting for the recent price increases than at ANY POINT during the Clinton administration and yet we have the media searching out doom and gloom stories.
How about a bit of fairness in the reporting????
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