|
|
|
|
|
|
| |
| |
By Category |
 |
|
|
| |
|
| |
| |
India On Media |
|
|
|
| |
|
| |
|
|
| Others
News |
|
| US job losses hit record in 2008 |
| More US workers lost jobs last year than in any year since World War II, with employers axing 2.6 million posts and 524,000 in December alone
|
| UNITED STATES OF AMERICA
, 9-January-2009
18:34:44 PM |
| The US jobless rate rose to 7.2% in December, the highest in 16 years.
The official data came as plane-maker Boeing said it would cut 4,500 jobs this year at its commercial airline arm due to the global economic slowdown.
US President-elect Barack Obama said that the economic situation is dire and action is urgently needed.
"Clearly the situation is dire. It is deteriorating and it demands urgent and immediate action," he told a news conference.
He added that he was making good progress on in talks with Congress on a new stimulus package - estimated to cost $800bn (£526bn).
Shares fell on the news of the job losses, with the main Dow Jones index ending Friday trading down 143 points or 1.6% to 8,599.
Oil prices slipped more than $1 a barrel to below $41 a barrel. The rise in unemployment raised fears of slackening demand for oil.
Jobs blow
The annual jobless total was higher than expected, partly because jobless figures in November and October were revised upwards.
|
|
|
|
|
|
|
|
ADVERTISEMENTS
Free offer!!! Become an administrator for your zip home page, "Post" local news (local to your postcode)& pictures, "Post" advertisement banners from local companies. Make Extra money.
|
 |
 |
|
|
| |
|
