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IPFS News Link • Economy - Economics USA

Jobless rate bolts to 8.1%, 651,000 jobs lost

• AP
The U.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

1 Comments in Response to

Comment by Ed Price
Entered on:
Libertarians, conservatives and REAL PEOPLE in general are getting what we want. The FED will collapse. People will have to go back to barter... or to buying things with money that has REAL INHERENT VALUE rather than make-believe value that is really only "debt value."

It won't be easy, but it will be better for all people in the long run.

We need to get back to barter and the co-ops of the 1930s, something that is being done nationwide a little bit all the time anyway.

(Co-ops need not be as formal and centralized as Wikipedia seems to indicate in its opening paragraph.)