The AP reports on the March 7th Jobs data, and it isn’t pretty:
Employers Slash 63,000 Jobs in February, Most in 5 Years, Feeding Recession Fears
Better sectors:Ã‚Â education, health care, leisure and hospitality and the government.
The AP notes that the troubled job marketÃ‚Â “Certainly solidifies the notion that the economy has fallen into a recession,” said Ken Mayland, economist at ClearView Economics.
A silver lining (if there is one), as economists predicted, workers with jobs showed slight wage gains, to to $17.80 in February, a 0.3 percent increase from the previous month.Ã‚Â The AP reminds us that these tiny increases don’t go far when prices for gas, food and other necessities continue to rise.
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