US unemployment rate rises again - Update
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Washington - The US economy continued to shed jobs in the construction, manufacturing, retail and government branches, with the unemployment rate rising to 9.8 per cent, the US government said Friday. The rate compared to 9.7 per cent unemployment in August. Since the start of the recession in December 2007, the number of unemployed persons has nearly doubled to 15.1 million people. Earlier this week, there were signs that the recession was easing, with US economic growth shrinking by only 0.7 per cent - the best performance in more than a year. Economists have anticipated that improvements in the labour market would lag behind the overall economic performance figures. But continuing high unemployment figures prevent a rise in consumer spending that makes up more than two-thirds of the US economy.
Copyright DPA
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It's Jobs & More...
By:
john krikorian ,
Fri, 02 Oct 2009 18:26:32 GMT
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while US employment continues to drop,president going on joy trip, that sec commerce and first lady could have made....president should go to chicago where children are getting killed everyday...to make statment not only for chicago also for other cities with this gang mentality and no value for life...just this week a 3 month baby got killed in los angeles by a stray gang bullet....the president should and must stand up for cleaning out gangs and murder in our country....let us not forget our troops in the middle east.....that the surge helped move iraq ahead...instead of bashing former president bush...let the new president stand on his own two feet. we need JOBS....NOW!
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