Jerry Reed’s “Jerry’s Breakdown,” played by Tommy Gauthier and Antoine Dufour: Four handed Guitar virtuosity. Awesome.

I want this…(new Gibson ‘Robot Guitar’ :))

US New Jobless claims rise to over 400,000, highest level in 2 years, click picture to read more.

The Labor Department reported Thursday that new applications filed for unemployment insurance jumped by a seasonally adjusted 38,000 to 407,000 for the week ending March 29. The increase left claims at their highest point since Sept. 17, 2005, following the blows of the devastating Gulf Coast hurricanes.

“This report supports the view that the jobs market is deteriorating toward recessionary conditions,” said T.J. Marta, a fixed-income strategist at RBC Capital Markets.

The latest snapshot of labor activity was worse than economists had anticipated. They had predicted claims would be much lower, around 365,000….Meanwhile, the number of people continuing to collect unemployment benefits rose by a sharp 97,000 to 2.94 million for the week ending March 22, the most recent period for which that information is available. That was the highest since July 17, 2004.

US Workers lose their jobs in highest numbers in years

232,000 US jobs have vanished since January, Senior Economist at Economic Policy Institute says, “most people depend on their paychecks.”

Published: April 5, 2008:

“The nation’s employers eliminated tens of thousands of jobs for the third month in a row, the government reported Friday, and top Democrats immediately called for new measures to help suffering American workers. After the early-morning report from the Bureau of Labor Statistics that 80,000 jobs had disappeared in March, the speaker of the House, Nancy Pelosi, said she would propose a second economic stimulus package. Hers would supplement the $150 billion in tax rebates scheduled to be mailed to millions of Americans beginning next month.”…

…”

The March decline was the largest job loss since March 2003 when the economy was still shaking off the lingering effects of the 2001 recession. Since the start of the year, 232,000 jobs have disappeared, the bureau said yesterday.

More than once in the past, three consecutive months of job losses have marked the start of a recession. “It is our view that we are already in one,” said Drew Matus, a Lehman Brothers economist, offering a view widely held on Wall Street.”…

…”

Unemployment rose in every sector of the work force, except among teenagers. Hourly wage gains slowed for production workers, who constitute 80 percent of the work force. The 5-cent rise last month brought the average wage to $17.86 an hour, an increase of 3.6 percent since the previous March, not enough to keep up with inflation.

“You can talk all you want about the importance of stock portfolios and the wealth embedded in your home,” said Jared Bernstein, a senior economist at the labor-oriented Economic Policy Institute, “but when you get right down to it, most people depend on their paychecks.”…