Business News
US loses jobs for second month, unemployment at 4.8 per cent
Mar 7, 2008, 18:14 GMT
Washington - The United States economy shed 63,000 jobs in February, the most in five years, but the unemployment rate dipped slightly to 4.8 per cent, the Labour Department said Friday.
The latest numbers will likely fuel speculation that the world's largest economy has already entered a recession after 22,000 jobs were also lost in January, when unemployment stood at 4.9 per cent.
The Labour Department said employment fell in the manufacturing, construction, and retail sectors while jobs were gained in health care and food services.
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SP4Mar 9th, 2008 - 01:37:33
A curve is not a curve unless it has a downside.
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