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Jobless rate hits 14-1/2 year high

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Filed: Timeline

U.S. employers slashed an unexpectedly steep 240,000 jobs from payrolls last month and the jobless rate shot up to a 14-1/2-year high, the government said on Friday in a report underscoring the economy's steep slide.

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In manufacturing alone, a whopping 90,000 jobs were cut in October ... That followed a loss of 56,000 factory jobs in September.

Service-producing industries cut 108,000 jobs in October on top of 201,000 lost in September.

Earlier this year, job losses had been concentrated in the factory sector, but September marked the third month in a row that the vast services sector lost more jobs than manufacturing, a sign of the economy's widening woes.

Construction industries dropped 49,000 more jobs last month after eliminating 35,000 in September, many of them in specialty trades related to home building.

http://biz.yahoo.com/rb/081107/business_us...onomy_jobs.html

Man is made by his belief. As he believes, so he is.

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Filed: Lift. Cond. (apr) Country: Egypt
Timeline
:P

Don't just open your mouth and prove yourself a fool....put it in writing.

It gets harder the more you know. Because the more you find out, the uglier everything seems.

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Filed: Citizen (apr) Country: Morocco
Timeline
I would still much rather have another job, so there :P

Yes, i'm trying to be grateful for my current job...

but i can't wait until i get another one to be grateful for... :whistle:

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For Immigration Timeline, click here.

big wheel keep on turnin * proud mary keep on burnin * and we're rollin * rollin

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