80,000 Jobs Lost in March

Fight disinformation. Get a daily recap of the facts that matter. Sign up for the free Mother Jones newsletter.


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.”

20080404_POLL_GRAPHIC.190.gif 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.

ONE MORE QUICK THING:

Or at least we hope. It’s fall fundraising time, and we’re trying to raise $250,000 to help fund Mother Jones’ journalism during a shorter than normal three-week push.

If you’re reading this, a fundraising pitch at the bottom of an article, you must find our team’s reporting valuable and we hope you’ll consider supporting it with a donation of any amount right now if you can.

It’s really that simple. But if you’d like to read a bit more, our membership lead, Brian Hiatt, has a post for you highlighting some of our newsroom's impressive, impactful work of late—including two big investigations in just one day and covering voting rights the way it needs to be done—that we hope you'll agree is worth supporting.

payment methods

ONE MORE QUICK THING:

Or at least we hope. It’s fall fundraising time, and we’re trying to raise $250,000 to help fund Mother Jones’ journalism during a shorter than normal three-week push.

If you’re reading this, a fundraising pitch at the bottom of an article, you must find our team’s reporting valuable and we hope you’ll consider supporting it with a donation of any amount right now if you can.

It’s really that simple. But if you’d like to read a bit more, our membership lead, Brian Hiatt, has a post for you highlighting some of our newsroom's impressive, impactful work of late—including two big investigations in just one day and covering voting rights the way it needs to be done—that we hope you’ll agree is worth supporting.

payment methods

We Recommend

Latest

Sign up for our free newsletter

Subscribe to the Mother Jones Daily to have our top stories delivered directly to your inbox.

Get our award-winning magazine

Save big on a full year of investigations, ideas, and insights.

Subscribe

Support our journalism

Help Mother Jones' reporters dig deep with a tax-deductible donation.

Donate