Unemployment rate in US 9.7 per cent

Posted on 06. Sep, 2009 by admin in General

US unemployment rate is at 9.7% (as in August 2009), the highest in the last 26 years. Courtesy recession that the employers are ruthlessly downsizing and slashing down payroll employees, according to the Bureau of Labor Statistics and 216,000 of people lost jobs in August. Ironically, this is lesser than what July 2009 had seen [...]