80,000 Jobs Lost in March

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The unemployment rate jumped from 4.8 percent to 5.1 percent in March, a total loss of 80,000 jobs. That marks the biggest decline in five years, and follows 76,000 jobs lost in both January and February. “There doesn’t appear to be any silver lining,” an interest rate strategist at Credit Suisse told Reuters. “It shows that we’re right in the middle of a recession that will probably take a while.”

20080404_POLL_GRAPHIC.190.gif Considering this news, it’s not surprising that 81 percent of Americans say that “things have pretty seriously gotten off on the wrong track,” according to a New York Times/CBS News poll. That figure is the highest ever recorded in the poll, which started in the early ’90s. It’s a bleak picture:

A majority of nearly every demographic and political group — Democrats and Republicans, men and women, residents of cities and rural areas, college graduates and those who finished only high school — say the United States is headed in the wrong direction. Seventy-eight percent of respondents said the country was worse off than five years ago; just 4 percent said it was better off.

See the graph at right: one might observe that the Bush Administration’s second term has been one long ever-worsening crisis of confidence.

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is the first thing despots go after. An unwavering commitment to it is probably what draws you to Mother Jones' journalism. And as we're seeing in the US and the world around, authoritarians seek to poison the discourse and the way we relate to each other because they can't stand people coming together around a shared sense of the truth—it's a huge threat to them.

Which is also a pretty great way to describe Mother Jones' mission: People coming together around the truth to hold power accountable.

And right now, we need to raise about $400,000 from our online readers over the next two months to hit our annual goal and make good on that mission. Read more about the information war we find ourselves in and how people-powered, independent reporting can and must rise to the challenge—and please support our team's truth-telling journalism with a donation if you can right now.

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