Friday, September 5, 2008

84,000 Jobs Cut In August

WASHINGTON — Businesses shed 84,000 jobs in August as the unemployment rate soared to a five-year peak of 6.1%, the Labor Department said Friday in a report providing stark evidence that the economy is foundering.

Fully 2.2 million Americans have lost their jobs in the past 12 months, as the unemployment rate has climbed from 4.7%. So far in 2008, firms have laid off 605,000 workers, with job losses averaging 76,000 a month. - USA Today
If the business just isn't coming...what else to do? It's sad, but obviously a reality.

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