U.S. sheds jobs at pace not seen since 2003

Published March 7, 2008 by CSBJ Staff

U.S. jobs declined by 63,000 during February, three times the number of losses in January and the biggest drop in five years.

The U.S. Department of Labor is reporting that the manufacturing sector lost 52,000 jobs, leading trade and manufacturing associations to call for stricter control of international trade.

“Congress and the administration need to respond to this,” said Scott Paul, director of the Alliance for American Manufacturing, a joint project of several leading U.S. manufacturers and the United Steelworkers. “Every day that we don’t reform our trade policy and enforce our trade laws is another day that we’ll lose jobs. Instead of trading charges on NAFTA, the presidential candidates need to offer real solutions on how they will grow American jobs and hold cheating countries like China accountable.”

Filed under CSBJ Daily, Employment

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