WASHINGTON (MarketWatch) - The nation’s unemployment rate jumped unexpectedly to 6.1% in August, the highest in nearly five years, the Labor Department said Friday. Nonfarm payrolls shrank by 84,000 in August, more than the 75,000 decline expected by economists surveyed by MarketWatch. The labor market was also much weaker over the summer than previously estimated. Job losses totaled 160,000 […] For more visit Source:www.investment-blog.net

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This entry was posted on Sunday, September 7th, 2008 at 7:19 pm and is filed under Investment News. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.