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Archive for the ‘unemploymt’ Category

>Latest News of March 6, 2009

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Jobless rate bolts to 8.1 percent, 651K jobs lost (AP)

Job seekers join a line of hundreds of people at a job fair sponsored by Monster.com on Thursday, March 5, 2009 in New York. The number of new jobless claims and the total number of people receiving unemployment benefits both dropped more than expected last week, though they remain at elevated levels and are unlikely to fall substantially in the coming months. (AP Photo/Mark Lennihan)AP – The government says the nation’s unemployment rate bolted to 8.1 percent in February, the highest since late 1983, as cost-cutting employers slashed 651,000 jobs.