651,000 US Jobs Lost in February; Unemployment Rate Now at 8.1%

by matttbastard

Yep, it’s that time of the month again, kids:

U.S. employers axed 651,000 jobs in February, pushing the unemployment rate to its highest in 25 years, as companies buckled under the strain of a recession that is showing no signs of ending, according to a government report.

[…]

The Labor Department on Friday said the unemployment rate surged to 8.1 percent in February, the highest level since December 1983. That was above market forecasts for a rise to 7.9 from January’s 7.6 percent.

Oh, and about the figures for December and January:

January’s job cuts were revised to show a steep decline of 655,000, while December’s payrolls losses were adjusted to 681,000, the deepest since October 1949. Since the start of the recession in December 2007, the economy has purged 4.4 million jobs, with more than half occurring in the last 4 months.

Y’know, at this point, I might as well just do up a template for posts on the monthly US job figures report.  The latest numbers always seem to be the highest in umpteen years, with a swift recovery less likely than the possibility of Keith Olbermann STFUing about Rush Limbaugh any time soon. (Dude? Seriously? STFU about Rush Limbaugh.  The obsession has going beyond grudgewank, beyond drama-humping, to fucking pathological.  You need help–a 12 step program of recovery, to quote the best RNC chair EVA.)

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Action, please, nao.

guest post by Sarah J

So on the “What Now” subject: The economic stimulus bill is up before Congress this week and it’s going to have a rough time in the Senate. The House has the votes along party lines, but the Senate, well, you know the score.

If you’re like me and you live in a state with a rational Republican senator, email/call/picket his or her office (I’m thinking Specter–my Senator–the two from Maine, Voinovich…you know what I mean.) Harass the hell out of ’em. Flood their offices. We need this passed and we need it now.

I’d prefer if we could get this back in, but Obama had to at least look like he was willing to compromise. If the Republicans keep stonewalling, we need to remind ’em who won this election.

We all do a lot of talking and writing, some of it can certainly go in the direction of elected officials. If one of those people isn’t your Senator, fake some sort of a connection and go for it. State you were born in? State where your grandma lives? State you slept in once on an all-night booty call? Whatever.

Let’s do this.

http://www.senate.gov/

(x-posted at Alterdestiny and Season of the Bitch)

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