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http://www.wsws.org/articles/2008/apr2008/jobs-a05.shtml

Friday’s Labor Department report, revealing that US payrolls were cut by 80,000 jobs in March and that 232,000 jobs have been lost in the past three months, can only mean new levels of social misery and raises the specter of a severe economic slump, perhaps the deepest since the Great Depression of the 1930s.

The March decline in jobs is the largest in five years. The number of private sector jobs has dropped by 300,000 since November 2007.

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Created 20 weeks 6 days ago
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