Nearly 600K Jobs Lost in One Month, but GOP Delays Stimulus Plan

The Labor Department reported that the economy lost 598,000 jobs in January, the worst monthly jobs loss since 1974. 1.8 million jobs have been lost in the last three months alone, and U.S. unemployment now stands at 7.6 percent, the highest in nearly two decades.

While President Obama and congressional Democrats are pushing for a recovery and reinvestment plan that the non-partisan Congressional Budget Office predicts would create up to 3.6 million jobs by next year, Republicans are stonewalling action to help the economy recover. Even as millions of Americans are losing their jobs, conservative Senators insist that there’s no rush to help them.