651,000 People lost their jobs in Feb
 

Unemployment at 8.1% highest since 1983


Sad........

I sale short jobs.

Very, very sad... :(:1orglaugh

It's more like 17% if you measure the old way

That's it? With how crappy sales have been lately I was expecting to hear over a million.

hmmmmmmm

Wonder how many people getting unemployment are also working and making money online?

many people in america do odd jobs and paid under the table so chances are there must be SOME doing it lol

Impossible! The first bailout did exactly what Obama, McCain,and Bush said it would. It freed up credit, small businesses went out got loans to pay their employees, those employees went out and bought 6 cars a piece and are buying their fourth home. The bailout also kept the stock market from going below 8,000 and everyone is investing and their 401k plans are just fine.

We just need to keep giving banks money and everything will be alright!

i am starting a bank

There is $55 trillion notional value left of those toxic assets. We could be bailing out companies for a LONG time :(

Broken/Zombie banks who will not lend.. need bailout money to survive.

Business can't get credit to operate. Workers get laid off. Consumer spending drops as a result.

More businesses lay off because of low demand. Vicious cycle.

businesses should run their business where they dont need credit to pay people, its as simple as that.

you sell product, you take in funds, you pay employee.

but it seems companies tend to "sell product, spend all the money on yachts, take vacation, do not plan for future products or innovation" then complain when no one wants a GM truck? lol

anyone need a loan?

I agree, so why the fuck is obama raising taxes for small business? Its just gonna make the vicious cycle worse and move quicker. :Oh crap

yep sales down

Seems impossible. Where the hell did these people work? Who is exactly laying off so many and why? Half a million jobs lost each month for the past 3 months, seems insane. Doesn't make sense to me that employers would suddenly not need these people any more unless they are just using this economic turmoil to shed employees and move more things overseas and blame the ecomomy so they don't get blasted in the media.