Showing posts with label US Jobless Claims. Show all posts
Showing posts with label US Jobless Claims. Show all posts

Thursday, September 11, 2008

US jobless rise fuels fears on economy

Oh o!!!

The US unemployment rate unexpectedly jumped to a five-year high of 6.1 per cent, suggesting a bleaker picture of the world’s largest economy than thought.

Labor Department data released on Friday showed that employers shed 84,000 jobs in August – the eighth consecutive month of job losses – significantly worse than economists were expecting......

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