Saturday, January 10, 2009

2008 - most job losses since 1945; unemployment 7.2%

The U.S. unemployment rate is now 7.2%, the highest since 1993.

In 2008, 2.6M jobs were lost - worst year of losses since 1945 - and the rate is accelerating. First time since records keeping started that US has consecutively lost (month-to-month) more than 500,000 jobs - a Major Crisis!

Poised to lose a significant number of manufacturing jobs in the future - a dismal year to come.

US will likely lose more than 3M jobs in 2009 - $1.3T stimulus required.

Scott Paul, of the Alliance for American Manufacturing; Steve Grasso, of Stuart Frankel; and the CNBC news team discuss.

Click Play and give a few seconds to load


MoneyAsWealth said...

We can fix this.

Learn how here: Money As Wealth

It's a blog, so read it bottom to top.

45north said...

the video start up by itself, whenever I click on the blog I have to find this video and stop it!

Randy said...


My computer doesn't experience this, but I DID find an autostart bit in the wrong place... Hopefully this corrected the problem for your computer.