...Americans continuing to collect unemployment insurance rose sharply to 2.83 million

bush

(Thu, 06 Mar 2008 09:12:17 -0500) --- All the economy's problems have sapped momentum from the labor market.
For the first time in more than four years, the economy suffered a
nationwide loss of jobs in January.

..............................................................................................

The economy skidded to nearly a halt in the final three months of last
year, growing at a pace of just 0.6 percent.

Many economists believe growth in the current January-to-March period
will be even weaker -- around a 0.4 percent pace.

Some, however, believe the economy is shrinking now.

A severe housing slump and harder-to-get credit have turned businesses
and individuals more cautious in their spending, thus weakening
economic growth.

Adding to the strains: lofty energy prices.

Oil prices have soared to record highs.

From The Associated Press, 3/6/08:

www.newsday.com

The number of people continuing to collect unemployment benefits rose
by a sharp 29,000 to 2.83 million for the week ending Feb. 23, the
most recent period for which that information is available.

That was the highest level since late September 2005.

Many fear that spreading fallout from the housing and credit crises
are driving the country closer to a recession, or that it's in one
already.

____________________________________________________

And you wanna vote Republicans back into power? Shame on you.

Harry

Harry Hope (rivrvu@ix.netcom.com).

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