Economy sheds 85,000 jobs in December - Worse than expected

[Madtown HD Junkie]

http://finance.yahoo.com/news/Economy-sheds-85000-jobs-in-rb-3785494434.html?x=0&.v=2


U.S. employers unexpectedly cut 85,000 jobs in December, government data showed on Friday, cooling optimism on the labor market's recovery and keeping

pressure on President Barack Obama.

The Labor Department said November payrolls were revised to show the economy actually added 4,000 jobs in that month rather than losing 11,000 as initially reported. With revisions to October, however, the economy lost 1,000 more jobs than previously estimated over the two months........

[fallout2600]

As I expected, it will continue to get worse....

Once again, for anyone believing we are in recovery mode, just take a look at this site once each morning:

http://dailyjobcuts.com (http://dailyjobcuts.com/)

[msmith198025]

Its getting better every day!!!!!!!!

[NickG420]

All we need is another stimulus...We can just tax the evil greedy rich people some more to pay for it...

[HDRoberts]

Seems keeping that top bracket at 35% has created a ton of jobs, hasn't it?:augentreher:

[vurbano]

All we need is another stimulus...We can just tax the evil greedy rich people some more to pay for it...

ANd all it will do is delay things and hide how bad it is while everyone "gets what they can get" New cars, appliances etc. WTF is next?

[froggigger]

Seems keeping that top bracket at 35% has created a ton of jobs, hasn't it?:augentreher:

Are you suggesting that raising it will create jobs?

[Bob Haller]

Hey ship our wealth for over a generation to foreign countries that hate us for meddling in their affairs, because of oil.

Ship near all of our high paying manufacturing jobs overseas, and borrow money by the boatloads so others own us....

the reason healthcarre is such a dis porponiate part of our economy? its not that its a killer cost ....... but more that all other parts of our economy have shrunk so much.

our economy must fall apart and pay drop to world cometive levels for a real recovery.

this wouldnt support overpaid CEOs, overpaid wall street bankers.

EVERYONES STANDARD OF LIVING MUST DROP DRAMATICALLY!:(

[froggigger]

Hey ship our wealth for over a generation to foreign countries that hate us for meddling in their affairs, because of oil.

Ship near all of our high paying manufacturing jobs overseas, and borrow money by the boatloads so others own us....

the reason healthcarre is such a dis porponiate part of our economy? its not that its a killer cost ....... but more that all other parts of our economy have shrunk so much.

our economy must fall apart and pay drop to world cometive levels for a real recovery.

this wouldnt support overpaid CEOs, overpaid wall street bankers.

EVERYONES STANDARD OF LIVING MUST DROP DRAMATICALLY!:(

That's a big steaming pile of horse hockey. Government is forcing a lower standard of living. There is no "must" in the equation. You want recovery?

Cut or eliminate taxes like capital gains, interest, dividends. An overall tax reduction would be even better. A real tax reduction, not a reduction over here and am increase in taxes over there to make up for it.

Cut spending by requiring a balanced budget. Getting back on the gold standard would be a big plus, too.

Allow labor and capital to work. Government has far too many resources that it shouldn't control to begin with. Put them back in the private sector where they can do some good.

[Bob Haller]

That's a big steaming pile of horse hockey. Government is forcing a lower standard of living. There is no "must" in the equation. You want recovery?

Cut or eliminate taxes like capital gains, interest, dividends. An overall tax reduction would be even better. A real tax reduction, not a reduction over here and am increase in taxes over there to make up for it.

Cut spending by requiring a balanced budget. Getting back on the gold standard would be a big plus, too.

Allow labor and capital to work. Government has far too many resources that it shouldn't control to begin with. Put them back in the private sector where they can do some good.

direct stimulus puts 98% of the money directly back into consumer spending.

tax cuts arund 70% and today probably less, people would use money to pay down debt.

this does not stimulate the economy back into growth given how bad things already are........

congress lifetime jobs bought and paid for by lobbyists is our biggest problem...........

energy a quick solution coal to gasoline plants nationwide........

after 5 years a 100% tax on crude from any country that doesnt like us

[msmith198025]

Where are you getting your percentages Bob?

[Bob Haller]

network news during stimulus discussions.

makes sense espically today. nearly all have credit card debt, and those rates have skyrocketed, and people fear for their jobs.

so uncle sam says heres a grand:)

will the average person go shopping or pay down debt?

ones with brains will pay down debt.

that doesnt help sales at all.

but might be OK for big banks, you really want to help those big fiancial companies??

[Blackhitachi]

Cut spending by requiring a balanced budget. Getting back on the gold standard would be a big plus, too.

Allow labor and capital to work. Government has far too many resources that it shouldn't control to begin with. Put them back in the private sector where they can do some good.AGREED!!!!!!!!!!:thumbup:

[froggigger]

direct stimulus puts 98% of the money directly back into consumer spending.

Stimulus money has been pretty much wasted. Besides, government spending hurts the economy in the long term. I look forward to hearing you whine about the inevitable inflation that is on the way.


tax cuts arund 70% and today probably less, people would use money to pay down debt.

this does not stimulate the economy back into growth given how bad things already are........

Tax cuts only work if government reduces its access to the real funding pool. Government relies on funding from the private sector, therefore every dollar government spends is a dollar less that the private sector has to spend. Only the private sector is a wealth generator, so the more government spends, the less that is available to create real wealth. Without wealth creation, the economy will not grow. Putting more money back into the private sector, any part of the private sector, will help the economy.


congress lifetime jobs bought and paid for by lobbyists is our biggest problem...........

Arguable that it's the biggest problem, but I agree it's near the top.


energy a quick solution coal to gasoline plants nationwide........

Any viable alternative to foreign oil should be on the table. Notice I said viable. For now, we depend on oil so turning off the spigot or slowing down the flow before we have something else to replace it is insane.


after 5 years a 100% tax on crude from any country that doesnt like us

Business taxes are like lease payments and electric bills and office supplies and wages and tax compliance costs and pumping equipment and shipping costs, etc. etc. etc. All are overhead, and all are passed on down the line, a cost that is borne by the final consumer.