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Wednesday, October 22, 2008

Over 80% of states reporting job losses

And in the nine states that are reporting positive growth, it's much too low to have a significant impact. This is what Republican economic policy has done to the economy. Two recessions with the second being the worst since the Great Depression.

The number of states suffering monthly job losses more than doubled in September, with Michigan losing the greatest number of jobs, according to a government report released Tuesday.

Private sector and government jobs fell in 41 states and the District of Columbia last month, the Labor Department said. By comparison, only 18 states reported monthly job losses in August.

The widespread job losses are a sign of a recession, said Bob Brusca, an economist at Fact and Opinion Economics in New York.

"You expect to see job losses across the board, across the country," Brusca said.

The numbers released Tuesday underline the grim condition of the nation's job market.

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