US shocked by rising unemployment; fears of consumer confidence erosion

Saturday, October 3rd 2009 - 08:40 UTC

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The United States economy lost 263.000 jobs in September, which was more than had been expected, according to official non-farm payrolls figures. The jobless rate rose to a fresh 26-year high of 9.8% from August's figure of 9.7%.
The number in employment has now fallen for 21 consecutive months. Read full article

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Bubba
That is why it is called a recession, and in spite of the suckers rallies taking place around the world, it is here and it will be here for a while yet to come...
Oct 05th, 2009 - 09:08 pm - Link - Report abuse 0
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