February reports 651,000 U.S. jobs lost!

4.4 Americans jobless since December 2007 with unemployment rate at 8.1 percent.

West Palm Beach, FL (JusticeNewsFlash.com)–The U.S. Bureau of Labor Statistics reported on Friday the national unemployment rate, in February, reached the its highest mark in 25 years. Another 651,000 workers lost their jobs in February and the unemployment rate reached 8.1 percent as reported by the New York Times. Employment and economic experts are strongly speculating a continued jobless rate increase through 2010 with no predicted relief in sight.

Workers with jobs centered in manufacturing are predicted to be lost forever with positions being eliminated permanently. February was a milestone fourth record month in a row of over 500,000 workers finding themselves without paychecks. The Obama administration is promising to create 3.5 million jobs over the next two years. The pace of job losses since December 2007 has been steadily increasing with 4.4 million jobs eliminated amidst the national credit crisis, economic fallout on Wall Street, and the virtual collapse of U.S. banking institutions.

U.S. workers are finding themselves without a paycheck, pension, retirement savings plan and virtually no benefits including health insurance. Many workers have been permanently let go without a severance check or reimbursement of unused vacation and sick pay which in many cases may be a violation in federal fair labor practices laws and guidelines.

West Palm Beach employment law news for workers’ compensation lawyers by JusticeNewsFlash.com.

About the Author Justice Seeker

Heather L. Ryan, R.N., C.L.N.C- Heather Ryan is a Certified Legal Nurse Consultant with 15 years of experience in the health care industry. Her expertise in reviewing medical records and assisting lawyers with the determination as to whether legal action should be taken provides an invaluable asset to the newsroom. Medical-malpractice, products liability, personal injury and workers’ compensation are some of the recent areas of litigation Ms. Ryan has focused her efforts on. A member of the Florida Justice Association, Heather maintains a long list of certifications and credentials to support her areas of expertise and stays up-to-date with her clinical knowledge working as an emergency room/trauma nurse, at a Level 1, Adult/Pediatric trauma and teaching institution in South Florida.