80,000 job losses, unemployment spikes (insurance, mortgage, interest, money)

[Steve Hazzard]

NEW YORK (CNNMoney.com) -- U.S. employers slashed jobs for the third straight month in March and unemployment rose to a nearly three-year high, offering the latest signs that the economy has fallen into a recession.

Tens of thousands of employees are losing their jobs and and the associated benefits, especially health insurance, and Wall Street is moving higher, less employees, more money for the Wall Street dirt bags to manipulate for themselves and their dirt bag clients.

Job losses, unemployment both worse than forecast - Apr. 4, 2008

[HappyTexan]

And they just revised Jan/Feb numbers from 85,000 to 152,000. They were off by a factor of 2. Usually the revised numbers are not that much bigger then the projected but it looks like they were off big time these past 2 months.

Economy sheds 80,000 jobs in March - Yahoo! News (broken link)

[Steve Hazzard]

Originally Posted by HappyTexan

And they just revised Jan/Feb numbers from 85,000 to 152,000. They were off by a factor of 2. Usually the revised numbers are not that much bigger then the projected but it looks like they were off big time these past 2 months.

Economy sheds 80,000 jobs in March - Yahoo! News (broken link)

I'm thinking that the Labor Department is controlled by the Bushies. The Ship of State is in a "downturn" , the Bushies refuse to use the "R" word: Recession! Dubya will ride off to Crawford, TX in Jan 09, and all will be right with the world.

[HappyTexan]

Or maybe Paraguay. Unconfirmed reports say he's bought a 100ac ranch there next to his father. The gov't has denied it though. Again, unconfirmed.

[Steve Hazzard]

Originally Posted by HappyTexan

Or maybe Paraguay. Unconfirmed reports say he's bought a 100ac ranch there next to his father. The gov't has denied it though. Again, unconfirmed.

Well, That's interesting. So when the "heat" in the US becomes intolerable, Bush 41 and 43 "retire" to Paraguay, maybe Dubya can practice his Spanish that he speaks so well. I have good Spanish fluency, and Dubya "mangles" the Spanish language.

[lchoro]

Employment survey and unemployment claims rely on extrapolations using trailing 12-month gross domestic product change. The estimates will thus lag the real world if the economy has turned down recently. Expect to see more revisions to the preliminary estimates.

The overall unemployment rate is still well undercounted since they've accounted for many of the jobless as unavailable for work ("not in labor market").

[njkate]

and more to come..Schering Plough took a dive in their stock the other day after the not so good news on Vyotin....guess where they plan on saving money...job cuts

[Lakewooder]

OTOH Texas unemployment is at a 30 year low:

Texas jobless rate falls to 30-year low | Dallas Morning News | News for Dallas, Texas | Latest News

[Wild Style]

^^

how does that tie in to the over all economy?

[HappyTexan]

Wild..Texas is just starting to feel what the east and west coasts have. There are some folks with the opinion that Texas won't feel this crunch and that it's limited to those states with big subprime mortgage holders like California, Florida and Arizona.