the visible hand

it is the theory which decides what can be observed – einstein

Jobs Data Suggest U.S. Is in Recession

Posted by ecoshift on March 7, 2008

PAGE ONE
Jobs Data Suggest U.S. Is in Recession – WSJ.com
Largest Payroll Fall In Five Years Spurs New Stimulus Talk”
By SUDEEP REDDY
March 8, 2008; Page A1

U.S. employers shed 63,000 jobs last month, the most in five years, reinforcing a widening view that the U.S. is falling into recession. Among economists and politicians, the debate is shifting to how deep the downturn will be and how to ease it.

The jobs dropoff came after the nation lost 22,000 jobs in January, the Labor Department said. In the past, such back-to-back monthly employment declines have occurred only around recessions.

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