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Old 04-03-2009, 08:15 AM
 
Location: South FL
5,413 posts, read 6,240,958 times
Reputation: 3444

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Jobless rate soars to 8.5 percent in March


The nation's unemployment rate jumped to 8.5 percent in March, the highest since late 1983, as a wide range of employers eliminated a net total of 663,000 jobs.

The Labor Department's report is fresh evidence of the toll the recession has inflicted on America's workers and companies. Most economists expect the job cuts will continue for much of this year.

The latest tally of job losses, released Friday, was slightly higher than the 654,000 that economists expected. The rise in the unemployment rate matched expectations.

Jobless rate soars to 8.5 percent in March - Stocks & economy- msnbc.com
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Old 04-03-2009, 08:56 AM
 
1,905 posts, read 2,131,270 times
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Our economy continues to deteriorate.
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Old 04-03-2009, 09:03 AM
 
Location: South Fla
9,644 posts, read 8,385,477 times
Reputation: 1942
When is this Stimulus we just had to have going to start to work? When is it going to start creating those 4 million jobs Obama promised?
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Old 04-03-2009, 09:30 AM
 
Location: Great State of Texas
86,093 posts, read 70,340,087 times
Reputation: 27525
Quote:
Originally Posted by Jadex View Post
When is this Stimulus we just had to have going to start to work? When is it going to start creating those 4 million jobs Obama promised?
Don't hold your breath...the jobs will probably be created in China, India and Brazil.
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