US Unexpectedly Lost 63,000 Jobs in February

March 7 (Bloomberg) -- The U.S. unexpectedly lost jobs in February for the second consecutive month, adding to evidence the economy is in a recession.

Payrolls fell by 63,000, the biggest drop since March 2003, after a decline of 22,000 in January that was larger than initially estimated, the Labor Department said today in Washington.

four comments:

The Network will be taken care of, of course. The rest of us…hard times are ahead. Get rid of your debts, if you can, and live as simply as possible.
Deborah () - 07 03 08 - 15:02

There aren’t much in the way of jobs in Northern Idaho.

Thank God for home based businesses. And thank God, I personally, don’t have any debts.
Donna - 07 03 08 - 16:05

While surprisingly Canada gained 43,000 jobs in that same month.
David - 08 03 08 - 12:20

On the Dutch radio yesterday; they said that the stock markets went up and down 0,3 % because of this bad news.
starbliss (satish) () - 08 03 08 - 13:53

No trackbacks:

Name:			Remember personal info? Yes No
Email:
Comment:		Emoticons Textile
Please enter the security code shown at left into the box below:
Notify:		Yes, send me email when someone replies.
Hide email:		Yes, hide my email address.
Small print: All html tags except <b> and <i> will be removed from your comment. You can make links by just typing the url or mail-address.