As job loss numbers climb to a new record, so does Exxon Mobil's profits.
Job losses were widespread. Manufacturers, construction firms and a variety of professional and business services eliminated jobs in January — reflecting the toll of the housing and credit debacles. The government cut jobs, too. All those cuts swamped job gains in education, health care, retailing and elsewhere. Wage growth also slowed, another indication that employers are tightening their belts amid the economic slowdown.Not to worry. With those $600 tax rebates, everything will be juuuuuuust fine.
Exxon Mobil said on Friday record oil prices boosted its fourth-quarter earnings to $11.66 billion, the highest operating profits evar.
The 2008-'09 federal budget deficit is expected to hit 400 brazillion dollars.-
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