its the economy stupid

Mar 07, 2008 11:30

US loses 63,000 jobs in Feb. "I haven’t seen a job report this recessionary since the last recession,” said Jared Bernstein, an economist at the Economic Policy Institute in Washington. “This is a picture of a labor market becoming clearly infected by the contagion from the rest of the economy.”

this recessionary since the last recession? umm, I'm still not certain what numbers the economists use, but it seems like 2 months of job losses, massive amounts of foreclosures, lowering stock prices, a very very weak dollar, price increases on oil and food (11% inflation in hawaii for 2007), and no corresponding wage increases point towards....oh I don't know...

when it's 20 degrees, snowing hard, and windy do economists say that "there has been a temperature dip, and an appearance of percipitation," but don't worry it's not a snow storm. It couldn't possibly be a snow storm. we don't have snow storms. ok, maybe we do, but it'll be short, we promise.
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