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USA Job Market Recession Fears

Date Added: March 08, 2008 08:19:18 AM
The unemployment was hit badly due to the recession in USA and its showing impact of the number of new jobs added by employers. The jobless rate, which was at 4.7 per cent in November, jumped to its highest level since November 2005 — the aftermath of the late summer hurricanes that devastated parts of the U.S. south. The labour report showed that the U.S. economy lost 31,000 manufacturing jobs and 49,000 construction jobs in December. The retail sector lost 24,000 jobs. Do you think that this has an effect on all sectors of employment or is it restricted to manufacturing and construction jobs?
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