Republican Recession Watch: There Goes Employment

11:56 am EST February 1st, 2008 | News | 6 Comments

The economy is Bushed.

Nervous employers cut 17,000 jobs in January — the first such reduction in more than four years and a fresh sign that the economy is in danger of stalling.

The Labor Department’s report, released Friday, also showed that the unemployment rate dipped slightly to 4.9 percent, from 5 percent, as the civilian labor force shrank slightly.

Job losses were widespread. Manufacturers, construction firms and a variety of professional and business services eliminated jobs in January — reflecting the toll of the housing and credit debacles. The government cut jobs, too. All those cuts swamped job gains in education, health care, retailing and elsewhere.

Topic:

Related Posts

«
»

6 Responses to “Republican Recession Watch: There Goes Employment”

  1. durablend says:
    February 1, 2008 at 12:29 pm

    “Bu…bu…but the economy is STRONNNNNNNNNNNNNG!!!! It’s that damn liberal media’s fault for making things sound worse thant they really are!!!! This is a sure sign that this country desperately needs more tax cuts for the rich!!!!”

  2. C.S.Strowbridge says:
    February 1, 2008 at 2:15 pm

    The Democrats really need to run an ad with McCain saying, ‘I don’t know much about economics.’

    They will have close to $100 million extras in money, they need to run that ad over and over again.

  3. durablend says:
    February 1, 2008 at 2:48 pm

    Well McCain’s campaign slogan does boil down to “Elect Me–Less Jobs, More Wars!”

  4. OxyCon says:
    February 1, 2008 at 3:41 pm

    Have no fear!
    Fox Bidness Channel will save America from the evil anti-capitalist Libruls!

  5. pd100 says:
    February 2, 2008 at 1:18 am

    The easiest Dem talking point would be:

    Not one net job under the Bush presidency.

    None.
    Zero.
    Nada.

    (Seriously, people. look for yourself.)

  6. Zython says:
    February 2, 2008 at 4:18 am

    Well McCain’s campaign slogan does boil down to “Elect Me–Less Jobs, More Wars!”

    I don’t get the first part here. If you’re talking about him saying that those auto jobs in Michigan aren’t coming back, well, they aren’t.