US economy loses jobs for first time since 2003!

[jiro81]

US economy loses jobs for first time since 2003
Published: Saturday, 2 February, 2008, 01:58 AM Doha Time

WASHINGTON: The US economy suffered 17,000 job losses in January marking the first monthly losses since 2003, a government snapshot showed yesterday in a fresh sign of brewing economic trouble.

The surprise loss in non-farm payrolls caught most economists off guard as many had predicted that employment growth would continue in January.
Economists had anticipated that the world’s biggest economy would create 70,000 new jobs in January, but the Labour Department said payrolls fell for the first time since August 2003.

...“There are certainly some troubling signs, serious signs that the economy is weakening and we’ve got to do something about it,” President George W Bush said during a visit to the Midwestern state of Missouri.

complete story here: http://www.gulf-times.com/site/topic...3&parent_id=19


tsk tsk.. this is really bad news..

[LytSlpr]

Big Deal!!!

So the U.S. is in recession and the dollar is weakening.

Just wait when a Democrat will sit in the White House this year and America will be an economic bully again...

[juzz_me]

mao ba? but still, people are longing to work there man gihapon

[brad]

If the us will go in a reccesion. ression means negative growth. it will have a domino effect to all nations.
right now the prediction is the us will have little possitive growth for 2008. if it will not hit a positive growth thus the defination of a recession is not met.
But there are signs that it will head to a negative growth if the government will not a have a stimulus package.
right now the economic conditions are very bad. but it still not a reccesion because no negative growth which is the defination og a reccesion.

kani anti reccision stimulus package ni:
http://www.youtube.com/watch?v=kcJUQc1--Jc

[Rance]

There's always a reason to fire people or cut jobs is to improve the operation cost or getting rid of the old weeds (sorry hehe) and to hire new skilled workers and replace the guys 20 yrs++ working in the company because most of them has higher salary than to hire the new and younger guys wherein you can still get the same skill sets with the same results.

On the other hand, you can also try to check monster.com or dice.com or any popular job sites its ironic to see this because the same companies who are cutting jobs are the one who very aggressive in hiring the same position... and by the way, Microsoft is planning to buy Yahoo how's that? and some tech companies are showing some big profits lately.. and lastly, US will hire more nurses from the Phils because in 2009 there are about 300 thousand American nuses who retire and somebody has to replace them.. are you going to shift now to become nurses? heheh

[Dorothea]

This is so, so, so sad.

[LytSlpr]

If the us will go in a reccesion. ression means negative growth. it will have a domino effect to all nations.
right now the prediction is the us will have little possitive growth for 2008. if it will not hit a positive growth thus the defination of a recession is not met.
But there are signs that it will head to a negative growth if the government will not a have a stimulus package.
right now the economic conditions are very bad. but it still not a reccesion because no negative growth which is the defination og a reccesion.

kani anti reccision stimulus package ni:
http://www.youtube.com/watch?v=kcJUQc1--Jc

there is recession already. i watched the news last night, though bush did not categorically mention the "R" word but he admitted that the economy is "weakening" and there has already 17,000 below the 65,000 hired in October '07, so that makes US in the reds.

mrs. clinton is bracing herself for damage control and to turn the economy around when she will sit in the oval office.