Unemployment Rise to the Highest in 26 years at 9.7% in the United States!
The U.S. labor market remains on the receiving end of this recession, as conditions continue to deteriorate as companies continue to layoff more employees in order to cut costs and survive the ongoing difficult conditions, and accordingly to the Federal Reserve Bank unemployment will probably continue to rise over the course of this year. The infamous jobs report was released today by the U.S. Labor Department, the non-farm payrolls declined in August by 216,000 jobs following the prior
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