Dr. Peter Morici: Analysis - US Economy loses 84,000 jobs in August
Sep 5th, 2008 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
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 unemployment.