Friday, June 6, 2008
Jobless rates jumps to 5.5 percent _ biggest rise since `86
WASHINGTON — The nation's unemployment rate jumped to 5.5 percent in May _ the biggest monthly rise since 1986 _ as nervous employers cut 49,000 jobs.
The latest snapshot of business conditions showed a deeply troubled economy, with dwindling job opportunities in a time of continuing hardship in the housing, credit and financial sectors.
source
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment