home > Jackblog > mott
84,000 Jobs Slashed in August
NPR reported this morning on last month's unemployment figures and updated numbers for June and July. Verbatim from their Web site:
August Unemployment At Five-Year High
The unemployment rate shot to a five-year high of 6.1 percent in August as employers slashed 84,000 jobs, according to a Labor Department report released Friday.
The report showed the increasing toll the housing, credit and financial crises are taking on the economy.
The jobless rate jumped to 6.1 percent in August, from 5.7 percent in July. And, employers cut payrolls for the eighth month in a row. Job losses in June and July turned out to be much deeper than first reported, with the economy losing a whopping 100,000 jobs in June and another 60,000 in July, according to revised figures.
With the employment situation deteriorating, there's growing worry that consumers will recoil, throwing the economy into a tailspin later this year or early next year.
Wachovia Corp., Ford Motor Co., Tyson Foods Inc. and Alcoa Inc. were among the companies announcing job cuts in August. GMAC Financial Services this week said it would lay off 5,000 workers.
posted by .(JavaScript must be enabled to view this email address) on 09/05/08 at 08:47 AM. [printer version] Share |
COMMENTS
posted by LatashaWillis on 09/08/08 at 04:53 PM
Page 1 of 1 pages
:: recentcomments
May 22, 2012 | 04:26 PMOne Night at Fenian's
DonnaLadd: ... because if there is anything The Clarion-Ledger can muster the resources to do, it's show up any night of the week and take drunk pictures. Meantime, they crib our sports stories. ...
May 22, 2012 | 03:53 PM
One Night at Fenian's
Rico: Next time just call Metro Mix at the C-L and have them come and take some pretty pictures for the newspaper. Hell, the got some on karaoke night Monday.
May 22, 2012 | 02:07 PM
[Editorial] To Do Its Job, Council Must Show Up
RobbieR: And Chokwe wants to run for Mayor? Hopefully the citizens of Jackson don't fall for this clown's rhetoric.
May 22, 2012 | 01:15 PM
Catholics Sue Over Birth Control Rule
Brian C Johnson: I cannot decide whether this is a vanity lawsuit, in the sense that the bishops know they stand little chance of prevailing in court. Or to put it more charitably, ...
May 22, 2012 | 01:00 PM
Bryant Signs Voter ID Bill
Brian C Johnson: Darryl, I think it is simply a statement of fact that African Americans in Mississippi are less likely to have the required photo ID. If so, the new law is discriminatory in ...
May 22, 2012 | 11:25 AM
Bryant Signs Voter ID Bill
Duan C.: I am in agreement with Golden Eagle - requiring I.D. ties a fee into voting, the only reason why its considered "discriminatory" towards black, is because it places back into an era ...
May 22, 2012 | 10:22 AM
Person of the Day: Rep. Andy Gipson
RobbieR: What? I was clearly referring to Bennie Thompson, not Rep. Gipson. Rep. Bennie Thomson represents Mississippi's 2nd Congressional district; Darryl noted that he rep'd the ...
May 22, 2012 | 09:59 AM
Bryant Signs Voter ID Bill
justjess: Darryl, out of my "simple ignorance" I ask you this "little question:" Why are registered voters here in the State of Mississippi being asked to produce a picture ID? When the State ...
May 22, 2012 | 08:49 AM
Person of the Day: Rep. Andy Gipson
Duan C.: @ Robbie R - you lost me on that one? They have him listed in the 77th District - covering Rankin, Simpson, and Smith counties?
May 22, 2012 | 08:47 AM
Bryant Signs Voter ID Bill
bill_jackson: I would be interested to know what percentage of the voting age population does not have identification in this day and age.
May 22, 2012 | 08:41 AM
[Editorial] To Do Its Job, Council Must Show Up
Duan C.: Hey Kaz, like you and the Mrs said a while back, start grading these jokers based on the same competencies all civil servants across the state get graded on: ...
May 22, 2012 | 05:14 AM
Bryant Signs Voter ID Bill
Darryl: Golden, I agree with the sense that this is essentially a poll tax. But it's a poll tax that'll be paid by all of the tax-paying Mississippians, not just those registering or wishing ...
May 21, 2012 | 05:48 PM
Bryant Signs Voter ID Bill
golden eagle: @Darryl, since you asked...it's essentially a poll tax. If a person doesn't have an ID, then they'd have to pay money to get one. If they don't have a copy of a birth ...
May 21, 2012 | 03:50 PM
JPS Accreditation Hearing Underway
lizwaibel: JPS interim Superintendent Jayne Sargent has issued a statement via email on the commission's decision: "We are absolutely thrilled with the Commission's response to our ...
May 21, 2012 | 02:29 PM
JPS Accreditation Hearing Underway
lizwaibel: Other media are reporting that JPS will not lose its accreditation and has until November to resolve its noncompliance issues.
10e-mail newsletter
Sign up for the JFP Daily Newsletter to receive breaking news, local events, music listings and more by e-mail.
jfp featured event
Art Remix
Jun 08, 2012 - Enjoy food from chef Luis Bruno, a cash bar, art and live music. more
|
Guests online: 153
© Jackson Free Press, Inc. - portions of code by CC with EE. User agreement and privacy statement. |
