Whoever knows he is deep, strives for clarity; whoever would like to appear deep to the crowd, strives for obscurity. For the crowd considers anything deep if only it cannot see to the bottom: the crowd is so timid and afraid of going into the water.

- Friedrich Nietzsche

Get A Job! What Job?

The US has seen the first decline in employment since August 2003, providing fresh evidence that the US economy could be entering a recession.

Employers cut 17,000 jobs from their payrolls in January, Labor Department figures showed. Economists had been expecting a rise of 80,000.

No matter what the politicians say, the economy has to correct for excess. Bush and others seem surprised by the data, and want those "stimulus" checks sent out quicker.


- Manufacturing jobs declined by 28,000.
- Factory jobs have declined for 19 straight months, having has lost 269,000 jobs in the last year.
- Construction jobs down 27,000, the seventh straight decline, 284,000 workers since a 2006 peak.

posted at 15:59:51 on 02/01/08 by clearpolitics - Category: Economics - [Permalink]

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