Aug 16, 2008
The U.S. unemployment rate rose to the highest level in more than four years as employers cut jobs again in July,
Payrolls fell by 51,000, less than forecast, the Labor Department said today in Washington. The jobless rate rose to 5.7 percent, from 5.5 percent the prior month. As recently as April, it was 5 percent. A separate report showed that manufacturing stagnated in July as companies were hit by rising raw-materials costs and slower spending.
by erectusplus at 9:54 AM |
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