By MICHAEL M. GRYNBAUM- New York Times
The economy lost 17,000 jobs in January, the Labor Department reported on Friday, the first monthly decline in four years and the most striking evidence yet that the United States may be slipping into a recession.
Until now, the labor market had been growing at a steady if softening pace. Many economists pointed to expanding payrolls as the final holdout in a sluggish economy weighed down by trouble on Wall Street, the collapse of the housing bubble, and a cascade of credit problems linked to soured subprime mortgages.
But the January employment report cast the job market in a startlingly darker light. Jobs disappeared across a broad spectrum of professions, with the steepest losses coming in the manufacturing, construction and goods-producing industries. Read the full story here
Winfrey to women: Feel free to support Obama
MARIA SHRIVER JOINS HER AT UCLA RALLY
By Laura Kurtzman Associated Press
LOS ANGELES - Offering women a permission slip to desert the candidacy of Hillary Clinton in favor of Barack Obama, Oprah Winfrey said Sunday they should not feel guilty if they preferred him over her.
"Being free means you get to think for yourself," she said, "and you get to decide for yourself what to do."
A few minutes later, her friend, Maria Shriver, the wife of Gov. Arnold Schwarzenegger, came on stage and announced her support for Obama.
Sunday's rally for Obama in Los Angeles was hosted by his wife, Michelle Obama, who spoke at San Jose State University on Sunday night. Read full story here
|
