Yet more bad news on the jobs front
Close to 4.5 million people are receiving unemployment benefits, the highest number in 26 years. And last week, another 58,000 jobs were shed, many more than had been expected. "This number suggests that the national unemployment rate will rise to 7.0% or more in December, versus 6.7% in November," wrote analysts for Ried Thunberg ICAP. Harm Bandholz, an economist at UniCredit Markets and Investment Banking, said: "The labor market is facing its worst crisis since 1982, and it is certainly not over yet."
MarketWatch
| 12/11
This story published in AGC SmartBrief on 12/12/2008
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