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U.S. Job Losses in December Dim Hopes for Quick Upswing

Posted By admin On January 8, 2010 @ 10:47 am In Money Watch | Comments Disabled

PETER S. GOODMAN and JAVIER C. HERNANDEZ
NY Times [1]
Friday, January 8th, 2010

The United States economy lost more jobs than expected in December, tempering hopes for a swift and sustained recovery from the Great Recession.

The Labor Department said Friday that the economy shed another 85,000 jobs last month, but that the unemployment rate held steady at 10 percent.

In a surprise that highlighted the erratic nature of economic renewal, the government reported that 4,000 jobs were actually created in November — rather than a loss of 11,000 the government had originally projected — the first gain in nearly two years.

Though jobs were lost in December, the unemployment rate did not rise, an indication that more jobless workers had given up their search for work.

Full article here [1]

“When the people find they can vote themselves money, that will herald the end of the republic.”Fall Of The RepublicBuy the DVD here [2]

U.S. Job Losses in December Dim Hopes for Quick Upswing  FOTR 340x1692 [2] 

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URLs in this post:

[1] NY Times : http://www.nytimes.com/2010/01/09/business/economy/09jobs.html?hp

[2] Buy the DVD here: http://infowars-shop.stores.yahoo.net/faofreprofba.html

[3] Worst US Job Losses In 34 Years: http://www.prisonplanet.com/worst-us-job-losses-in-34-years.html

[4] U.S. unemployment hits record but job losses slow: http://www.prisonplanet.com/us-unemployment-hits-record-but-job-losses-slow.html

[5] Canada Employment loss WAY worse than the US! ITS DOUBLE!: http://www.prisonplanet.com/canada-employment-loss-way-worse-than-the-us-its-double.html

[6] U.S. job losses seen jumping to 648,000 in February: http://www.prisonplanet.com/us-job-losses-seen-jumping-to-648000-in-february.html

[7] The worst is yet to come: Unemployed Americans should hunker down for more job losses: http://www.prisonplanet.com/the-worst-is-yet-to-come-unemployed-americans-should-hunker-down-for-more-job-losses.html

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