Friday, March 6, 2009
Job losses in February push jobless rate to 8.1%
More than 650,000 more jobs were lost in February, pushing the unemployment rate above 8% with a distinct possibility that we will see a jobless rate of 10% this year.
The only sector that realized job gains last month was government, which ironically means that you the taxpayers are funding this job creation and not the private sector.
That's the wrong direction for this nation.