"ROMANS: Slowed last month indeed. The Labor Department reported the highest jobless rate since Hurricane Katrina. The economy is shedding tens of thousands of jobs in manufacturing, construction. Even surprisingly retail, which is almost always strong at the end of the year. Jobs added in health care, education, and the government.
PETER MORICI, UNIVERSITY OF MARYLAND: The jobs growth we had was in the services sector, such as restaurants, and hotels, and the government sector. When the government sector is the largest component of jobs growth, we're in a terrible situation. It means the private sector is flat out quit."
http://transcripts.cnn.com/TRANSCRIPTS/0801/04/ldt.01.html
Topic: The Manufacturing Sector is in a crisis (Read 1235 times)