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* Jobless rate bolts to 8.1 pct., 651,000 jobs lost (Jeannine Aversa-)
The nation’s unemployment rate bolted to 8.1 percent in February, the highest since late 1983, as cost-cutting employers slashed 651,000 jobs amid a deepening recession.Both figures were worse than analysts expected and the Labor Department’s report shows America’s workers being clobbered by a wave of layoffs unlikely to ease in the coming months.”There is no light at the end of t…
* Running on empty (David Broder, Washington Post Writers Group)
WASHINGTON As if the problems in the U.S. and world economies were not enough of a challenge, the young Obama administration is also being called on to figure out simultaneously how to govern in such an emergency.
* Jobless rate bolts to 8.1 percent, 651K jobs lost (Jeannine Aversa-)
The nation’s unemployment rate bolted to 8.1 percent in February, the highest since late 1983, as cost-cutting employers slashed 651,000 jobs amid a deepening recession.Both figures were worse than analysts expected and the Labor Department’s report shows America’s workers being clobbered by a wave of layoffs unlikely to ease in the coming months.”There is no light at the end of t…
* Hawaii construction forecast dim (Nina Wu, Honolulu Star-Bulletin)
The construction outlook for Hawaii is full of gloom, with a significant decline in new projects, and more job losses to come.
* Lower Macungie contractor faces more theft charges (Patrick Lester, Morning Call)
A Lower Macungie Township man is accused of defrauding three homeowners who hired him to do work at their homes between November 2007 and July 2008, state police at Fogelsville said.
Housing Disaster 