NYTimes: Jobs Report September: Loss of 284,000 jobs
Wait, that was the jobs report 8 years ago.. under Bush. Obama ADDED 159,000 jobs for Sept 2016.
Jobless Rate at 14-Year High After October Losses
NOV. 7, 2008
http://www.nytimes.com/2008/11/08/business/economy/08econ.html?_r=0
The American economy lost another 240,000 jobs in October, the government reported Friday, as cash-strapped consumers pulled back and businesses hunkered down, intensifying the distress gripping much of the country.
The unemployment rate spiked to 6.5 percent from 6.1 percent, the highest level since 1994. Many analysts now expect unemployment will reach 8 percent by the middle of next year.
Coupled with revisions to September’s data — which now show a loss of 284,000 jobs, down from an initial estimate of 159,000 — the economy has shed 1.2 million jobs since the beginning of the year. More than half the job losses have been in the last three months.
“The economy is slipping deeper into a recessionary sinkhole that is getting broader,” said Stuart G. Hoffman, chief economist at PNC Financial Services Group in Pittsburgh. “The layoffs are getting larger, and coming faster. We’re likely to see at least another six months of more jobs reports like this.”
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My how things have changed! Yet Republicans are slamming Obama on the weaker than expected number