Employers in U.S. Cutting Jobs, Hours, Signaling Slower Growth

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omega_news

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04.08.2008, 00:09:1404.08.08
an World-News
Employers in the U.S. fired workers in July for a seventh straight
month and cut hours for remaining staff to a record low, signaling
economic growth weakened at the start of the second half of the year.

http://www.bloomberg.com/apps/news?pid=20601103&refer=us&sid=aikzb5JpxxvQ



US job losses hit four-year high

The unemployment rate in the US has climbed to a four-year high of 5.7
per cent in July after employers shed 51,000 jobs.

http://english.aljazeera.net/news/americas/2008/08/200881161145207955.html


From Information Clearing House

omega_news

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05.08.2008, 03:49:4705.08.08
an World-News
Factory Facts

Christian E. Weller and Diego Flores, The Center for American
Progress: "US manufacturers across the country have suffered dramatic
job losses over the past seven years of economic growth, with these
losses falling particularly hard on states that are heavily dependent
on manufacturing and are now suffering the most as the US economy
struggles to cope with the housing crisis and slowing economic
growth."

http://www.truthout.org/article/factory-facts
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