US Jobless Rate Drops To Five Per Cent
Posted by on May 3rd, 2008 at 02:39am
TheFinance.sg wrote an interesting post today on
Here’s a quick excerpt
US employers cut far fewer jobs last month than in recent months and the unemployment rate dropped to five per cent, a better-than-expected showing that nonetheless reveals strains in the nation’s labor market. For the fourth month in a row, the economy lost jobs, the Labor Department reported yesterday. But in April the losses totaled 20,000, an improvement from the 81,000 reductions in payrolls logged in March. Job losses for both February and March turned out to be a bit deeper than previou
Read the rest of this great post here
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