Keyword: Economy
Over 650,000 American Jobs Slashed In February
by Asgeir Hoem
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That’s 20,000 jobs disappearing every day. Less jobs means less income, less income means less spending, which will force employers to slash even more jobs. Even though Obama has been moving quickly to get the stimulus package out, economics professor Sun Won Sohn says that “the stimulus won’t have immediate effect on job creation even though some planned layoffs could be cancelled,” and that any significant job growth will not be seen until 2010.
