WASHINGTON — The nation's unemployment rate zoomed to a five-year high of 6.1 percent in August as employers slashed 84,000 jobs, dramatic proof of the mounting damage a deeply troubled economy is inflicting on workers and businesses alike.
The...
WASHINGTON - The nation's unemployment rate bolted above the psychologically important 6 percent level last month for the first time in five years. It's likely to go even higher in the months ahead, possibly throwing the economy into a tailspin...
For the eighth consecutive month, the nation’s employers shed jobs, 84,000 last month, the Bureau of Labor Statistics reported Friday. In all, 605,000 jobs have been lost since January. The steady rise in unemployment, from 5.7 percent in July and...
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WASHINGTON — Recession fears are back with a bang and the economy is front and center in the political arena again after a Labor Department report Friday showed that the nation’s unemployment rate leapt to 6.1 percent in August, employers shed...
More evidence today shows why the economy is the issue in the 2008 elections. The Labor Department announced the nation’s unemployment rate jumped to a five-year high of 6.1 percent in August, up from 5.7 percent in July.
Employers cut 84,000...
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