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Job Losses Don't Add Up to Recession... Yet

Analysts say 4-year-low might be caused by teachers on vacation

By Kevin Spak, Newser Staff

Posted Sep 8, 2007 5:00 PM CDT

(Newser) – Eye-popping job numbers rippled through Wall Street yesterday, but analysts pooh-pooh recession fears as premature. “I think it is important we take a deep breath before screaming ‘A recession is now around the corner!’” one expert says. Four thousand lost jobs may be the worst depletion in 4 years, but leave out government hiring and jobs were actually increased last month.

Fewer teachers in class explains much of the drop, but analysts say that their return this month may be balanced by jobs lost in the recent credit crunch. Despite such fluky factors, observers say that “the degree of weakness is too severe to dismiss,” and warn that “there are still shoes to drop.” A federal rate cut may help those shoes from hitting the floor, Reuters reports.

FILE PHOTO Reuters Announces More Job Cuts Amid Record Loss (Getty Images)

BIZ WRK-MONEYLAUNDERING 4 MI (KRT Photos)

NEW YORK, NY -- Thousands of demonstrators hold pink slips up along Broadway in downtown Manhattan, New York, on Wednesday September 1, 2004, representing Americans who have lost their jobs in the las (KRT Photos)

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Job Losses Don't Add Up to Recession... Yet

Analysts say 4-year-low might be caused by teachers on vacation

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Job Losses Don't Add Up to Recession... Yet

Analysts say 4-year-low might be caused by teachers on vacation

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OTHER STORIES ON OUR RADAR

Related Links

Wall Street • recession • unemployment • US economy • job

MOST POPULAR STORIES

[ By Views ]

[ By Comments ]

More Newser Stories

Dems Push New Aid Package as Job Market Swoons

Economists say any doubt we're in recession is gone

Unemployment Rate Rises to 9.1%

And fewer new jobs than expected were created

Recession Over for US Firms, Not Workers

US jobless rate higher than competitors despite soaring profits

Jobless Claims Hit 9-Month High

Reach 500K mark as employers again cut back

We Need to Fend Off the Recession's Social Blows

Men have been hit hardest by high unemployment, writes David Brooks

About Us

Site

Newser By Users

Community

Site Maps

Tools

More News

What is Newser?