Monday, October 6, 2008

Jubak

For example, on Friday, Oct. 3, the Department of Labor reported that U.S. payrolls plunged in September. Job losses were the worst in five years as employers cut 159,000 workers from their payrolls. Unemployment stayed steady at 6.1%, but that's still 1.4 percentage points higher than in September 2007. So far, the economy has lost 760,000 jobs in 2008. Last year, the economy added 1 million jobs. Hours worked, a better measure of the state of the economy than the jobless number, went the data one better: Hours worked fell to their lowest level since the government began tracking the number, in 1964. On that trend, this slowdown could match the recession of 1981-82, when the economy shrank by 2.7%. All this Unhappy Talk! Its causing our economy to collapse! Where IS that Happy talk guy? At least HE could tell us some Happy stories about how well the contractors and other special interests are doing!!! THAT would fix our economy!! More Happy talk!!! and is it possible that a little might even possibly (theoretically) trickle down eventually to the average taxpayers?!!! probably not... but it IS a Happy Republican Thought !

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