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U.S. unemployment soars to 9.6% after economy loses 54,000 jobs

Posted By admin On September 3, 2010 @ 1:41 pm In Money Watch | Comments Disabled

Daily Mail [1]
Friday, September 3, 2010

The U.S. unemployment rate rose to 9.6 per cent in August, official figures released today have shown.

The data from the U.S. Labor Department showed  the economy lost 54,000 jobs last month as the United States continues to struggle to recover from the recent global recession.

Economists had predicted even worse figures and despite the fact unemployment rose for the first time in four months, a number of experts described the news as ‘positive’.

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U.S. unemployment soars to 9.6% after economy loses 54,000 jobs 240810banner2 [2]

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The unemployment figures are seen as a continual test of how successful President Barack Obama’s stimulus package and policies have been.

One apparent piece of good news was the private sector’s ability to create a better-than-expected 67,000 jobs in August.

The new jobs though were offset by the U.S. government having to release around 114,000 temporary workers.

Full story here.


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URLs in this post:

[1] Daily Mail: http://www.dailymail.co.uk/news/worldnews/article-1308799/U-S-unemployment-soars-9-6-economy-loses-54-000-month.html

[2] Image: http://www.infowarsshop.com/United-We-Fall_p_339.html

[3] Having A Supply Of Healthy Foods That Last Just Makes Sense (AD): http://www.efoodsdirect.com//index.html?aid=14&adid=43

[4] US loses 467,000 jobs, unemployment at 9.5%: http://www.prisonplanet.com/us-loses-467000-jobs-unemployment-at-95.html

[5] Unemployment soars to 1.82million – the highest level since Labour came to power: http://www.prisonplanet.com/unemployment-soars-to-182million-the-highest-level-since-labour-came-to-power.html

[6] US economy bleeding jobs, unemployment at 5-year high: http://www.prisonplanet.com/us-economy-bleeding-jobs-unemployment-at-5-year-high.html

[7] No end in sight to U.S. economic crisis as ‘scariest jobs chart ever’ shows post-recession unemployment is at its worst since World War Two: http://www.prisonplanet.com/no-end-in-sight-to-u-s-economic-crisis-as-scariest-jobs-chart-ever-shows-post-recession-unemployment-is-at-its-worst-since-world-war-two.html

[8] US Economy Has To Generate 256K Jobs Per Month Until The End Of Obama’s Second Term To Regain Lost Jobs Since December 2007: http://www.prisonplanet.com/us-economy-has-to-generate-256k-jobs-per-month-until-the-end-of-obamas-second-term-to-regain-lost-jobs-since-december-2007.html

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