Post archive for ‘Economy’
US unemployment to rise further
On January 8, 2009, president-elect Barack Obama predicated that the US might have lost the most jobs in 2008 since the Second World War. He was right: The US Bureau of Labor Statistics released unemployment data on Friday (Jan 9) showing an unemployment rate of 7.2%. Worse, the unemployed numbers were revised downwards by 1,54,000 for November and December 2008. Around [...]