国产热热热精品,亚洲视频久久】日韩,三级婷婷在线久久,99人妻精品视频,精品九热人人肉肉在线,AV东京热一区二区,91po在线视频观看,久久激情宗合,青青草黄色手机视频

WORLD> America
US jobless rate rises to 4-year high of 5.7%
(Agencies)
Updated: 2008-08-01 22:05

WASHINGTON - The nation's unemployment rate climbed to a four-year high of 5.7 percent in July as employers cut 51,000 jobs, dashing the hopes of an influx of young people looking for summer work.


Jobs brochures on display at a state unemployment office in Sunnyvale, Calif., Wednesday, July 30, 2008.[Agencies]

Payroll cuts weren't as deep as the 72,000 predicted by economists, however. And, job losses for both May and June were smaller than previously reported.

July's reductions marked the seventh straight month where employers eliminated jobs. The economy has lost a total of 463,00 jobs so far this year.

The latest snapshot, released by the Labor Department on Friday, showed a lack of credit has stunted employers' expansion plans and willingness to hire. Fallout from the housing slump and high energy prices also are weighing on employers.

The increase in the unemployment rate to 5.7 percent, from 5.5 percent in June, in part came as many young people streamed into the labor market looking for summer jobs. This year, fewer of them were able to find work, the government said. The unemployment rate for teenagers jumped to 20.3 percent, the highest since late 1992.

Wall Street initially found reason for optimism in the report, but news that General Motors Corp. had a $15.5 billion loss in the second quarter weighed on investors. Shares were mixed in early trading.

Related readings:
 US home sales at 10-year low, jobless claims jump
 US jobless rate jumps to 5.5%
 US growth revised higher, jobless claims up
 Jobless claims hit 2-year high in US

The economy is the top concern of voters and will figure prominently in their choices for president and other elected officials come November. The faltering labor market is a source of anxiety not only for those looking for work but also for those worried about keeping their jobs during uncertain times.

Job losses in July were the heaviest in industries hard hit by the housing, credit and financial debacles. Manufacturers cut 35,000 positions, construction companies got rid of 22,000 and retailers shed 17,000 jobs. Temporary help firms - also viewed as a barometer of demand for future hiring - eliminated 29,000 jobs. Those losses swamped job gains elsewhere, including in the government, education and health care.

In May and June combined, the economy lost 98,000 jobs, according to revised figures. That wasn't as bad as the 124,000 reductions previously reported.

GM, Chrysler LLC, Wachovia Corp., Cox Enterprises Inc. and Pfizer are among the companies that have announced job cuts in July.

   Previous page 1 2 Next Page  
东至县| 安塞县| 平度市| 苏州市| 甘南县| 荔波县| 兰溪市| 苗栗县| 南昌市| 二手房| 邵阳县| 多伦县| 宁陵县| 且末县| 吉林市| 丰顺县| 沙田区| 兴化市| 凌云县| 同德县| 铜陵市| 江永县| 哈密市| 辽阳县| 淄博市| 贵港市| 比如县| 大港区| 太仆寺旗| 江陵县| 志丹县| 襄垣县| 钟祥市| 都江堰市| 明溪县| 衡阳市| 南岸区| 当雄县| 贵德县| 正宁县| 临夏市|