Money Management, Financial Markets » Blog Archive » The US Recession, More Unemployment and Sinking U.S. Dollar

The US Recession, More Unemployment and Sinking U.S. Dollar

Escrito 19/oct/2009 Por en news management extraido de: ORIGINAL | 1 COMENTARIO |

What gives? The Obama administration no sooner assures Americans that labour markets had finally stabilised and mass job losses was at an end when the Bureau for Labor Statistics comes out last Wednesday and ruins the party with the bad news that mass layoffs leapt by over 20 per cent in August. An earlier report estimated that manufacturing accounted for 31 per cent of the layoffs. (I have stressed numerous times that manufacturing always bears the blunt of the boom-bust-cycle).

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