Unemployment hits 25-year high in USA


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KumarM   
Member since: Jan 09
Posts: 881
Location:

Post ID: #PID Posted on: 06-03-09 10:33:09

http://money.cnn.com/2009/03/06/news/economy/jobs_february/index.htm?postversion=2009030608


"Jobless rate hits 8.1% in February as a record-high 12.5 million people are unemployed. U.S. economy continued to hemorrhage jobs in February, bringing total job losses over the last six months to more than 3.3 million, and taking the unemployment rate to its highest level in 25 years. The government reported Friday that employers slashed 651,000 jobs in February, down from a revised loss of 655,000 jobs in January. December's loss was also revised higher to a loss of 681,000 jobs, a 59-year high for losses in one month."



JRF   
Member since: Jul 04
Posts: 1853
Location: GTA, Ontario

Post ID: #PID Posted on: 06-03-09 10:40:27


Very bad. Once the figure hit double digits, there will be crime outbreak (already it is high there). Will spill over here too.


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The weak died on the way,
Only the strong arrived.
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ftfl   
Member since: Jul 06
Posts: 2335
Location:

Post ID: #PID Posted on: 06-03-09 12:01:22


Here is a link with locations that have such a rates. "Geography of recession"
Also the average or mean salary there for the type of jobs. " Why is her Paycheck.."

http://www.nytimes.com/interactive/2009/03/03/us/20090303_LEONHARDT.html?ref=business

http://www.nytimes.com/interactive/2009/03/01/business/20090301_WageGap.html?ref=busines


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Freddie.

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