Posted on 03/07/2008 6:30:50 AM PST by Perdogg
The Labor Department says employers slashed jobs by 63,000 in February, the most since March 2003. The unemployment rate dipped to 4.8 percent as people leave the labor force. Confidence in the economy dropped to a new low as worries about a possible recession, persistent problems in the housing and credit markets and lofty energy prices put people in a more gloomy mind-set.
Almost forgot about that! Retail should soar in April.
I wonder if any of these "statistics" give any consideration to the large number of people who have never put themselves in "the labor force." As long as some people can get income, groceries, drugs (legal and illegal) and some place to live they don't bother to look for employment much less anything resembling labor.
You might be right. With the large numbers of people staying indoors through this rough winter, I would bet April will be a very good retail month. People want to get out of their houses.
*snort* I was left scratching my head at that combination, as well.
“Timing for Dems is not good. The bad economic news is peaking too early.
By August or so the news will be much better.”
But Public opinion of the economy always lags behind reports of good news. And we know how the MSM is gong to play this.
Lets hope gas is not in the $4 a gallon range in late summer.
gong=going :(
How does one leave the labor force? Move into parent's basement?
The bad economic news has peaked too early. There fixed it... Companies like NSM show the bottom in January, and rising orders now. This will be known as the Great January Recession of 2008....no quarters down, no recession! Of course, some banks, home builders, and hedge funds will continue their recession ways 'til summer! To see where some homes are being sold see the Association of Foreign Investors in Real Estate. Our new neighbors have lotsa cheap US Dollars to spend!
Maybe more than 63,000 illegals went back to Mexico...
Depends on what it measures.
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