September 6, 2008
Jobless rate hits 6.1 percent
Housing, credit, financial problems shake economy
WASHINGTON - The nation's unemployment rate bolted above the psychologically important 6 percent level last month for the first time in five years - and it's likely to go even higher in the months ahead, possibly throwing the economy into a tailspin as Americans pick a new president.
A blizzard of pink slips propelled the jobless rate from 5.7 percent in July to 6.1 percent in August, the Labor Department reported Friday. Such a sharp increase is usually a strong recession warning, and it dashed investors' hopes for a late-year recovery.
Worried about the economy and their own business prospects, employers cut payrolls by 84,000 in August, marking the eighth straight month of losses.
Post a Comment
YOU MUST FOLLOW THESE RULES TO POST A COMMENT:
Keep it clean. Comments that are obscene, sexually explicit, racist or offensive will be removed. If you wouldn’t say it to your mother, don’t post it here.
Be civil. Don’t threaten to hurt anyone. Personal attacks, insults or harassment of any kind are subject to removal.
Be truthful. Don’t lie about a situation or person.
Keep it brief. Keep your comment to one post. Redundant or multiple posts in a row aren’t allowed.
Stay on task. Stick to the topics relevant to the story and discussion.
Let us know about offensive comments. Click the “Report Abuse” button if you think a comment is against the rules.
I couldn't have said it better, myself. Great statement. May I add that I wonder how women in WV can vote for a woman who's nicknames are "barracuda, pit-bull and killa from Wasilla" and think that is a positive role model for their daughters or grand-daughters. With nicknames like that I suspect, rightly, that this women has sliced-and-diced her way to the top and men were not her only victims. I worked almost 50 years in WV and other states and believe me I encountered a few barracudas, pit-bulls and killas, and I can tell you that eventually they all ran out of victims and had no support net-work which eventually resulted in their demise. Did you hear what I said about "victims" because that is exactly what we all will be if she is elected VP. John McCain must be either nuts or thinking with his you-know-what. He'll be the first slice-and-dice victim.
ENOUGH IS ENOUGH.