The US jobless rate jumped in February to 8.1%, according to official figures from the Labor Department.The number of people in US out of work rose by 651,000 in one month. Both figures were bigger than expected initially.
The number of job cuts in January was revised up to 655,000 while December's losses increased to 681,000.
For a country, this is an astounding rate at which Americans are getting retrenched and furthermore, the numbers are still increasing. The unemployment rate reached its peak since December 1983.
Obama speaking in Ohio, he added: "I don't need to tell the people of this state what statistics like this mean," saying that he had signed his economic stimulus package in order to save jobs. From here, you can roughly guess how serious the problem is. The extra 161,000 jobs added to December and January's figures mean that almost two million jobs have been lost in the past three months. If the figures don't mean much to you, imagine a third of Singapore's population jobless. Beggars will sprout out everywhere. It's horrible enough in Singapore but it's a hundred times worse in the US.
yes, I agree with you, so we as students should not waste money. Good job, friend!
ReplyDelete