Not happy with the three choices for President this year? Makes you wish you voted for Ron Paul, huh?

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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.”…

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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.”…

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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.”…