In case you’re feeling optimistic about the economy, let me throw cold water on your hopes. That 7.6% unemployment rate for last month means that nearly 600,000 Americans lost their jobs, on top of the 577,000 who were tossed out of work in December, for 7.2%.
The bad numbers go on from there. No sector seems immune from the cuts. & the consensus of economists’ opinions is that it’s not getting better until it gets worse.
The Huffington Post gives us some graphical representations of the job losses, as well as what the kerfuffle in Congress over the stimulus package is all about.
It’s going to be a bumpy ride.
What's glaringly obvious about the several government relief efforts is that they are too small to have the desired effects. When they fail, the Republicans will blame the nature of the packages, not their ineffectual size.
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