"The report was much weaker than economists were expecting. They were forecasting payrolls to grow by 110,000.
The drop of 4,000 jobs in August was the first decline since August 2003."
http://www.msnbc.msn.com/id/20638614/
2007-09-07 03:20:58 · 11 answers · asked by Heart-Shapped Poe 3 in Politics & Government ➔ Politics
yep. Sky's falling. I wasn't shocked either.
Go China.
2007-09-07 03:51:02 · update #1
Jobs are cut when management needs fo some reason to reduce the size of its labor force.
In this case it was probably due to the eduction of people working in mortgage company's. You may have heard that there were more layoffs due to the fact that many people have had difficulty in paying their mortgages. These generally were mortgages with small down payments given to people who had higher risks. Banks and mortgage companies have therefore reduced the number of new mortgages that they are writing and need fewer employees in that department. You should couple that with reduced sales of both resales and new mortgages which also leads to a reduced staff.
2007-09-07 03:33:13 · answer #1 · answered by DrIG 7 · 2⤊ 0⤋
This is preliminary figures ( I mean it's only Sept 7th). They'll be adjusted to actual numbers in a couple of months after all the reports are in.
2007-09-07 03:27:45 · answer #2 · answered by Anonymous · 2⤊ 0⤋
Read the article. FIRST DECLINE IN 4 YEARS. And this was for only one month. But personal incomes are at an all time high. $17.00+. That is insanely high. Unemployment is at 4.6%. Lowest ever.
Yep, sounds like the liberal media running a smear campaign again.
2007-09-07 03:27:40 · answer #3 · answered by mustagme 7 · 3⤊ 2⤋
OMG, "The first drop in four years".
In a country that has 300 million people in it. God we are going into a depression. I think I'll jump off the WTC and kill myself...Oh wait, OBL had planes to fly into those. Shucky darn, guess I'll have to go on living.
2007-09-07 03:36:17 · answer #4 · answered by Anonymous · 0⤊ 1⤋
Layoff are up too. And its beginning to hit the banking businesses. All those secure college educated white collar career jobs. Now we will see and hear dissent from the previous, "It can't happen to me I'm a Republican" people who have reality calling when they find out how much health insurance really costs, and how little welfare pays/unemployment pays. It will begin to open a few eyes.
2007-09-07 03:26:40 · answer #5 · answered by justa 7 · 2⤊ 2⤋
Your first two answers are right on.
2007-09-07 03:38:56 · answer #6 · answered by regerugged 7 · 0⤊ 0⤋
We will help transition them into the Bush service economy.
2007-09-07 03:26:06 · answer #7 · answered by Anonymous · 2⤊ 2⤋
OMG - The sky is falling!
2007-09-07 03:25:18 · answer #8 · answered by Anonymous · 3⤊ 2⤋
I suppose you blame it on Bush
2007-09-07 03:24:58 · answer #9 · answered by Anonymous · 2⤊ 2⤋
And why does this surprise you.
2007-09-07 03:27:35 · answer #10 · answered by Kirk Neel 4 · 2⤊ 0⤋