Jobless rate 7.6 pct; 598K cuts most since '74

[dbackjon]

Recession-battered employers eliminated 598,000 jobs in January, the most since the end of 1974, and catapulted the unemployment rate to 7.6 percent. The grim figures were further proof that the nation's job climate is deteriorating at an alarming clip with no end in sight.

The Labor Department's report, released Friday, showed the terrible toll the drawn-out recession is having on workers and companies. It also puts even more pressure on Congress and President Barack Obama's administration to revive the economy through a stimulus package and a revamped financial bailout plan, both of which are nearing completion.

The latest net total of job losses was far worse than the 524,000 that economists expected. Job reductions in November and December also were deeper than previously reported.

With cost-cutting employers in no mood to hire, the unemployment rate bolted to 7.6 percent in January, the highest since September 1992. The increase in the jobless rate from 7.2 percent in December also was worse than the 7.5 percent rate economists expected.

http://www.azcentral.com/business/artic ... y0206.html

[Col Hogan]

At least it's no where near Pelosi's prediction of 500 MILLION...

Maybe, it's because we only count 50 of the states...

[AshevilleApp]

At least it's no where near Pelosi's prediction of 500 MILLION...

Maybe, it's because we only count 50 of the states...

Good one Colonel!

[Appaholic]

Recession-battered employers eliminated 598,000 jobs in January, the most since the end of 1974, and catapulted the unemployment rate to 7.6 percent. The grim figures were further proof that the nation's job climate is deteriorating at an alarming clip with no end in sight.

The Labor Department's report, released Friday, showed the terrible toll the drawn-out recession is having on workers and companies. It also puts even more pressure on Congress and President Barack Obama's administration to revive the economy through a stimulus package and a revamped financial bailout plan, both of which are nearing completion.

The latest net total of job losses was far worse than the 524,000 that economists expected. Job reductions in November and December also were deeper than previously reported.

With cost-cutting employers in no mood to hire, the unemployment rate bolted to 7.6 percent in January, the highest since September 1992. The increase in the jobless rate from 7.2 percent in December also was worse than the 7.5 percent rate economists expected.

http://www.azcentral.com/business/artic ... y0206.html

'74.....'74.....what's similar about?.....oh, that's right....the Republicans had been in office 6 of their 8 years and ere wire-tapping citizens while declaring victory in a quagmire....

[bulldog10jw]

And the Dumbocrats had been in control of congress for 22 years.

Recession-battered employers eliminated 598,000 jobs in January, the most since the end of 1974, and catapulted the unemployment rate to 7.6 percent. The grim figures were further proof that the nation's job climate is deteriorating at an alarming clip with no end in sight.

The Labor Department's report, released Friday, showed the terrible toll the drawn-out recession is having on workers and companies. It also puts even more pressure on Congress and President Barack Obama's administration to revive the economy through a stimulus package and a revamped financial bailout plan, both of which are nearing completion.

The latest net total of job losses was far worse than the 524,000 that economists expected. Job reductions in November and December also were deeper than previously reported.

With cost-cutting employers in no mood to hire, the unemployment rate bolted to 7.6 percent in January, the highest since September 1992. The increase in the jobless rate from 7.2 percent in December also was worse than the 7.5 percent rate economists expected.

http://www.azcentral.com/business/artic ... y0206.html

'74.....'74.....what's similar about?.....oh, that's right....the Republicans had been in office 6 of their 8 years and ere wire-tapping citizens while declaring victory in a quagmire....

[AZGrizFan]

And the Dumbocrats had been in control of congress for 22 years.

'74.....'74.....what's similar about?.....oh, that's right....the Republicans had been in office 6 of their 8 years and ere wire-tapping citizens while declaring victory in a quagmire....

Where you been, fcuker???

Stick around....

[dbackjon]

And the Dumbocrats had been in control of congress for 22 years.

Where you been, fcuker???

Stick around....

Z needs all the backup he can get

[AZGrizFan]

Where you been, fcuker???

Stick around....

Z needs all the backup he can get

I'm not the one spouting shit without facts.

[dbackjon]

Z needs all the backup he can get

I'm not the one spouting shit without facts.

Bullshit, fcuker. that is what you have been doing on this thread...

[AZGrizFan]

I'm not the one spouting shit without facts.

Bullshit, fcuker. that is what you have been doing on this thread...

I haven't made a single post in reference to this thread title...Eat my shit, fcuker. Two guys, one cup.

[grizzaholic]

Z needs all the backup he can get

I'm not the one spouting shit without facts.

*****, is that you?

[Appaholic]

And the Dumbocrats had been in control of congress for 22 years.

'74.....'74.....what's similar about?.....oh, that's right....the Republicans had been in office 6 of their 8 years and ere wire-tapping citizens while declaring victory in a quagmire....

touche'...