DETROIT
: Battered by weak sales, declining market share and miserable credit ratings,
Detroit's Big Three automakers are now turning to the US government for help.
General Motors Corp., Ford
Motor Co. and Chrysler LLC will be launching a campaign in
A year ago, the unemployment rate was 1.4% better than it is now, according to the Bureau of Labor Statistics. Now, it's at a five-year high. Mister Bush is "disappointed." The expectation was a loss of 75,000 jobs in August, but it turned out to be 84,
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A cruel summer for American workers continued in August as the U.S. jobless rate spiked to 6.1 percent, its highest level in five years.</p><p>A week that began with a holiday to celebrate the country’s labor force ended with
A year ago, the unemployment rate was 1.4% better than it is now, according to the Bureau of Labor Statistics. Now, it's at a five-year high. Mister Bush is "disappointed." The expectation was a loss of 75,000 jobs in August, but it turned out to be 84,
American workers' productivity in the last quarter was way up, according to a government report. But another report said labor costs decreased. That may be good news for those worried about inflation, but not so good for workers. Janet Babin
Today, the Labor Department reported the economy lost 84,000 payroll jobs in August, after losing 60,000 jobs in July. This was much worse than was expected, as the full weight of banking crisis, rising oil prices and imports from China drive up
Credit markets, high oil prices still a concern
Recently, the Department of Labor reported productivity in the non-farm private business sector increased at a 2.2 percent annual rate in the second quarter of 2008. This was a very good showing the
The percentage of Americans who are out of work and looking for jobs hit a much higher than expected 6.1 percent in August, up 0.4 percentage points from July, the Bureau of Labor Statistics reported today.
This is nearly a five-year high—the last time