American jobs figures: Falling flat
A week ago, Americans were told that their economy had expanded for a second consecutive quarter, and rapidly at that: output grew at a 5.7% annual rate. This week, they learn that a return to growth has yet to benefit the jobless. The economy lost 20,000 jobs in January, a decline driven by the loss of 75,000 jobs in the construction sector. Economists had forecast an increase in employment of around 15,000. The unemployment rate, based on household ... Full Story »
Posted by Derek Hawkins
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