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80,000 Jobs Lost in March
The unemployment rate jumped from 4.8 percent to 5.1 percent in March, a total loss of 80,000 jobs. That marks the biggest decline in five years, and follows 76,000 jobs lost in both January and February. "There doesn't appear to be any silver lining," an interest rate strategist at Credit Suisse told Reuters. "It shows that we're right in the middle of a recession that will probably take a while."
Considering this news, it's not surprising that 81 percent of Americans say that "things have pretty seriously gotten off on the wrong track," according to a New York Times/CBS News poll. That figure is the highest ever recorded in the poll, which started in the early '90s. It's a bleak picture:
A majority of nearly every demographic and political group — Democrats and Republicans, men and women, residents of cities and rural areas, college graduates and those who finished only high school — say the United States is headed in the wrong direction. Seventy-eight percent of respondents said the country was worse off than five years ago; just 4 percent said it was better off.
See the graph at right: one might observe that the Bush Administration's second term has been one long ever-worsening crisis of confidence.
Comments
What type of jobs?
There are lies, damn lies and statistics. Not that I think things are going good, but this is piss-poor reporting.
As for the poll, who cares? 70%+ of Americans thought that invading Iraq was a good idea. BFD.
I expect more MJ!
Posted by: kirkbrew on 04/04/08 at 10:01 AM Respond
Kirkbrew is right. Just scary numbers. The new green economy will replace these jobs and more once it gets rolling - we just have to get the right political leadership in place.
Which begs the question - what's the point of this post? Is it to blame bush somehow? I mean, yes, he screwed up the country, but this is empty reporting man....
Posted by: Rocklee on 04/04/08 at 11:41 AM Respond
Should anyone really be surprised. This guy is either lazy or really not very proficient at his craft to begin with. Amazing that he's not part of the 80,000.
Posted by: dan on 04/04/08 at 12:30 PM Respond
Maybe "kirkbrew","Rocklee" and "dan" are ALL 3 children that Bush left behind. Try READING rather than simply trolling. The report clearly says:
"it's not surprising that 81 percent of Americans say that "things have pretty seriously gotten off on the wrong track,"
So, why are you "surprised" then? Sounds like maybe you 3 prefer reporting on whether or not Britney left home without her panties or not today, huh? You can gather that drivel over on Faux. You won't be missed.
Sheez.
Posted by: BloggerRadio on 04/04/08 at 3:05 PM Respond
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