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US jobless rate at 26-year high
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| Contributor | Jason |
| Last Edited | Jason Sep 06, 2009 07:12am |
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| Category | News |
| Media | TV News - British Broadcasting Corporation BBC News |
| News Date | Saturday, September 5, 2009 05:55:00 AM UTC0:0 |
| Description | US employers cut 216,000 jobs in August, pushing the unemployment rate up to 9.7%, a 26-year high, official figures show.
The unemployment rate rose after dipping to 9.4% in July but the Labor Department said the job loss figure was the smallest in a year.
Since the start of the recession in December 2007, the economy has shed 6.9 million jobs, the department said.
Jobs have been lost across manufacturing and service industries.
Total unemployment stands at 14.9 million. |
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