Archive for September, 2008

Unemployment Reaches A 5 Year High »

Employers slashed 84,000 jobs in August and the jobless rate jumped to a five-year high of 6.1 percent, according to a government report Friday indicating weak economic conditions.
The Labor Department report — considered one of the strongest indicators of economic momentum — heralded the eighth consecutive month of shrinking nonfarm payrolls.  The result was worse than […]