Sharp Drop in Jobs

Consumers, investors and Washington officials received news of what some might consider their worst fears. As reported by the Labor Department an estimated 63,000 jobs were lost in February. This loss of jobs was the second consecutive monthly decline. Not only that but it was the third straight drop for private-sector jobs. The Federal Reserve was trying to fix the problem even before the bad news had emerged. The Federal Reserve said they would inject about $200 billion into the nation's banking system this month. More is said to follow afterwards. Some people may not believe there may be very much help left for the nation. Wall Street threw in the towel and said the United States was already in recession. Many companies are suffering because of the loss of jobs. More importantly the citizens of this nation are suffering. Because of the loss of jobs they are not making an income. Therefore they will not be able to support themselves and their families.

I believe the article "Sharp Drop in Jobs Adds to Grim Economic Picture" is a very important article for everyone in the nation to read. It lets readers know what is going on with the economy and tells about the recession.