Comments on: Job Losses Continue to Mount in February, Unemployment Rate Soars to 8.1%

By: Are We Looking at a Stock Market Rebound, or Just Another Bear Market Head Fake? |

Thu, 26 Mar 2009 19:48:29 +0000

[...] affected in one way or another by this crisis. Profits are falling and dividends are being cut. Unemployment is rising, personal debt defaults are cascading through the system, and consumer confidence is in the cellar. [...]

By: Roger Sure

Roger Sure — Thu, 26 Mar 2009 18:41:59 +0000

At 8.1% unemployment and 651,000 jobs lost that would mean
there are only 8,037,037 employed people in the US. In a population of 300-305 million people there is roughly 2.6%
of the population working. It is said that 12.5 million people
are looking for work. That means there are more people out
of work than working. It is more than likely the US will continue to lose jobs for the next 2-3 years by the historical
data of 1929. The US is looking at mass poverty with an entire population out of work. Neither a degree or an advanced degree can help in the present economic conditions.
Education is not the way out. Anyone that thinks this is
not a depression in progress needs to re-think there position.
Entitlement programs are necessary to ensure the survival
of the general US population for the next 10 years.

By: Are We Looking at a Stock Market Rebound, or Just Another Bear Market Head Fake?

Are We Looking at a Stock Market Rebound, or Just Another Bear Market Head Fake? — Wed, 18 Mar 2009 16:27:59 +0000

By: Goldilocks, Gloom or Doom? Three Views of a U.S. Recovery

Goldilocks, Gloom or Doom? Three Views of a U.S. Recovery — Wed, 11 Mar 2009 12:34:09 +0000

[...] profits on the mend, companies could cap the gusher of corporate layoffs we’ve been watching, and the record wave of job losses would end. That would boost consumer confidence, would ultimately increase spending, and would [...]

By: Has Anybody Seen the Bottom Yet?

Has Anybody Seen the Bottom Yet? — Tue, 10 Mar 2009 10:00:35 +0000

[...] unemployment number for February was just about as bad as everybody feared, with non-farm payrolls losing 651,000 jobs. But the real [...]

By: As Economic Reports Worsen, Experts Predict a Longer Downturn

As Economic Reports Worsen, Experts Predict a Longer Downturn — Mon, 09 Mar 2009 09:33:00 +0000

[...] Policy Institute, told MarketWatch.com. [For a complete analysis of the February employment report, check out this story, which appears elsewhere in today’s issue of Money [...]