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US unemployment rate hits 8.1%
JICWyllie
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2
3-6-2009 2:04 PM
106 views
tags:
economy
,
consumers
,
i-employment
,
i-decrease
,
i-record
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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/67936d9f-6fab-4f81-a85d-d4b3fae53bba/0948B4D3-0622-414E-A9E8-054C195CA25F/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://www.ft.com/cms/s/0/82be9baa-0a4d-11de-95ed-0000779fd2ac.html" href="http://www.ft.com/cms/s/0/82be9baa-0a4d-11de-95ed-0000779fd2ac.html" style="font-size: 11px;">www.ft.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.ft.com/cms/s/0/82be9baa-0a4d-11de-95ed-0000779fd2ac.html">Official figures released on Friday showed that non-farm payrolls dropped by 651,000 last month, while the unemployment rate – 4.4 per cent before the credit crisis – jumped to 8.1 per cent, its highest level since 1983. According to the labour department 12.5m Americans are now unemployed and 2.6m have lost jobs during the last four months.</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.ft.com/cms/s/0/82be9baa-0a4d-11de-95ed-0000779fd2ac.html">Monthly job losses would have been the worst since 1949, but December and January’s figures were revised sharply to show greater losses of 681,000 jobs and 655,000 jobs, respectively, adding 161,000 to the grim tally.</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.ft.com/cms/s/0/82be9baa-0a4d-11de-95ed-0000779fd2ac.html">Few industries were spared from losses last month. The manufacturing sector lost 168,000 workers, construction lost 104,000 workers, business services cut 180,000 jobs, retail slashed 40,000 employees and leisure and hospitality lost 33,000.</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.ft.com/cms/s/0/82be9baa-0a4d-11de-95ed-0000779fd2ac.html">Those who would like work but have not looked in the last month reached 2.1m in February, up 466,000 from a year ago. </blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;"> </td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/0948B4D3-0622-414E-A9E8-054C195CA25F/blog/" title="blog or email this clip"><img src="http://content6.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>
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