Jobless rate jumps to 7.2 percent in December

[dbackjon]

WASHINGTON – The nation's unemployment rate bolted to 7.2 percent in December, the highest level in 16 years, as nervous employers slashed 524,000 jobs, capping one of the worst years in modern history for American workers.

The Labor Department's report, released Friday, underscored the grim toll the deepening recession is having on workers and companies. And it highlights the difficulty President-elect Barack Obama faces in resuscitating the flat-lined economy. This year has gotten off to a rough start with a flurry of big corporate layoffs, pointing to another year of hefty job reductions.

"There is no end in sight in terms of layoffs," said economist Ken Mayland, president of ClearView Economics. "January could be worse because some companies put layoffs on hold because of holiday sensitivities."


http://news.yahoo.com/s/ap/20090109/ap_ ... l_meltdown

[Appaholic]

WASHINGTON – The nation's unemployment rate bolted to 7.2 percent in December, the highest level in 16 years, as nervous employers slashed 524,000 jobs, capping one of the worst years in modern history for American workers.

The Labor Department's report, released Friday, underscored the grim toll the deepening recession is having on workers and companies. And it highlights the difficulty President-elect Barack Obama faces in resuscitating the flat-lined economy. This year has gotten off to a rough start with a flurry of big corporate layoffs, pointing to another year of hefty job reductions.

"There is no end in sight in terms of layoffs," said economist Ken Mayland, president of ClearView Economics. "January could be worse because some companies put layoffs on hold because of holiday sensitivities."


http://news.yahoo.com/s/ap/20090109/ap_ ... l_meltdown

Change we can believe in.....it's all Clinton's fault.....

[AZGrizFan]

"There is no end in sight in terms of layoffs," said economist Ken Mayland, president of ClearView Economics. "January could be worse because some companies put layoffs on hold because of holiday sensitivities."

And some companies put firings on hold too. We DIDN'T fire three people just before Christmas because my (soon to be ex) boss is a friggin' softie. I'd a put a bullet in them.

[dbackjon]

"There is no end in sight in terms of layoffs," said economist Ken Mayland, president of ClearView Economics. "January could be worse because some companies put layoffs on hold because of holiday sensitivities."

And some companies put firings on hold too. We DIDN'T fire three people just before Christmas because my (soon to be ex) boss is a friggin' softie. I'd a put a bullet in them.

I didn't let an employee go just before Christmas, but next Friday is last day.

[D1B]

WASHINGTON – The nation's unemployment rate bolted to 7.2 percent in December, the highest level in 16 years, as nervous employers slashed 524,000 jobs, capping one of the worst years in modern history for American workers.

The Labor Department's report, released Friday, underscored the grim toll the deepening recession is having on workers and companies. And it highlights the difficulty President-elect Barack Obama faces in resuscitating the flat-lined economy. This year has gotten off to a rough start with a flurry of big corporate layoffs, pointing to another year of hefty job reductions.

"There is no end in sight in terms of layoffs," said economist Ken Mayland, president of ClearView Economics. "January could be worse because some companies put layoffs on hold because of holiday sensitivities."


http://news.yahoo.com/s/ap/20090109/ap_ ... l_meltdown

Thanks AZ, Tman and Col Hogan! Nice work!

[AZGrizFan]

WASHINGTON – The nation's unemployment rate bolted to 7.2 percent in December, the highest level in 16 years, as nervous employers slashed 524,000 jobs, capping one of the worst years in modern history for American workers.

The Labor Department's report, released Friday, underscored the grim toll the deepening recession is having on workers and companies. And it highlights the difficulty President-elect Barack Obama faces in resuscitating the flat-lined economy. This year has gotten off to a rough start with a flurry of big corporate layoffs, pointing to another year of hefty job reductions.

"There is no end in sight in terms of layoffs," said economist Ken Mayland, president of ClearView Economics. "January could be worse because some companies put layoffs on hold because of holiday sensitivities."


http://news.yahoo.com/s/ap/20090109/ap_ ... l_meltdown

Thanks AZ, Tman and Col Hogan! Nice work!

Oh, do tell....

[D1B]

Thanks AZ, Tman and Col Hogan! Nice work!

Oh, do tell....

Dumb ass conks ruined the country. Voted for W twice.

[AZGrizFan]

Oh, do tell....

Dumb ass conks ruined the country. Voted for W twice.

You know that you did too.


fcuking closet conservatives kill me.

[Cap'n Cat]

D's right, but now, it's a shared tragedy and I'm hopin' our leaders don't play partisan bullsh*t in trying to rectify it.

Many people are mentally exhausted over everything that's going on - war, money, etc. My job if far from danger, yet I worry about everyone else.

Have never felt worse about my country's situation in my entire life. This is beyond finger pointing.

[AZGrizFan]

D's right, but now, it's a shared tragedy and I'm hopin' our leaders don't play partisan bullsh*t in trying to rectify it.

Many people are mentally exhausted over everything that's going on - war, money, etc. My job if far from danger, yet I worry about everyone else.

Have never felt worse about my country's situation in my entire life. This is beyond finger pointing.

And yet D points to the conks every chance he gets.

Don't you two TALK?

[Cap'n Cat]

D's right, but now, it's a shared tragedy and I'm hopin' our leaders don't play partisan bullsh*t in trying to rectify it.

Many people are mentally exhausted over everything that's going on - war, money, etc. My job if far from danger, yet I worry about everyone else.

Have never felt worse about my country's situation in my entire life. This is beyond finger pointing.

And yet D points to the conks every chance he gets.

Don't you two TALK?

It's all in fun, Z. He, like me, enjoys seeing some of the Conks get their dander up. And you are generous in this regard!

We love you.

[AZGrizFan]

And yet D points to the conks every chance he gets.

Don't you two TALK?

It's all in fun, Z. He, like me, enjoys seeing some of the Conks get their dander up. And you are generous in this regard!

We love you.

You guys are a walking contradiction.

[Cap'n Cat]

It's all in fun, Z. He, like me, enjoys seeing some of the Conks get their dander up. And you are generous in this regard!

We love you.

You guys are a walking contradiction.

We don't have to talk. MOF, he's notorious for disappearing from the phone lines for weeks on end. He knows the issues as well as you, T, J or anyone here. I'm just quicker to disengage than D1B is. He's a bulldog, but one you know you enjoy.

See, when I picture this forum in my head, I see all of us at a bar, spouting off ridiculously general assertions over pitcher after pitcher, slapping one another on the back after a particularly good zinger by someone, damning Ralph to Hell and hoot-hooting the girls that come in. We all laugh and order another round. Rinse. Repeat.

[AZGrizFan]

See when I picture this forum in my head, I see all of us at a bar, spouting off ridiculously general assertions over pitcher after pitcher, slapping one another on the back after a particularly good zinger by someone. We all laugh and order another round. Rinse. Repeat.

At the risk of repeating myself:


Precisely.

[Gil Dobie]

[See, when I picture this forum in my head, I see all of us at a bar, spouting off ridiculously general assertions over pitcher after pitcher, slapping one another on the back after a particularly good zinger by someone, damning Ralph to Hell and hoot-hooting the girls that come in. We all laugh and order another round. Rinse. Repeat.

You've changed since your AGS days.

Change we can believe it.