Economy continued to shed jobs in August

The unemployment rate surged to at least 10% in 14 states and in Washington, D.C., in August, according to government statistics. Experts expect parts of the U.S. that were once centers of construction activity to continue to shed jobs. Meanwhile, some parts of the U.S. that have only recently felt the effects of the recession are expected to post a slower recovery. In Denver, for example, construction employment has declined 15%.

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