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4,400,000 workers have lost their job in the United States since the recession began in December 2007. Monthly jobless rates keep on presenting staggering figures with February’s official figures pointing to a collossal 651,000 people who have lost their jobs.

The unemployment rate, which is calculated using a survey of households, jumped half a percentage point to 8.1 percent, the highest since December 1983 and slightly above expectations for an 8.0 percent rate. Some economists think it could hit 10 percent by the end of next year.

Construction companies eliminated 104,000 jobs. Factories axed 168,000. Retailers cut nearly 40,000. Professional and business services got rid of 180,000, with 78,000 jobs lost at temporary-help agencies. Financial companies reduced payrolls by 44,000. Leisure and hospitality firms chopped 33,000 positions.

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  1. U.S. unemployment rate hits 26-year high
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  5. US loses 216,000 jobs in August, jobless rate 9.7 pct.

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Author: GlobalCrisisNews.com (272 Articles)

2 Comments

  1. Margaret says:

    The H-1B Visa guest worker program has “RESERVED” millions of
    high-value jobs for citizens of foreign countries.

    “Fake Job Ads” consistently and routinely DENY, DEPRIVE, EXCLUDE and DISCRIMINATE against United States Citizens during the hiring process.

    Here is Cohen & Grigsby, a prominent immigration law firm,
    displaying their Good Faith Efforts To Recruit American Workers…
    http://www.youtube.com/watch?v=TCbFEgFajGU

    Have Immigration Law Firms been Harming American Workers?

    Who’s To Blame For The Affirmative Action Fiasco?
    by Hugh Murray
    http://www.barnesreview.org/html/affirmative__action.html

    Has The EEOC done anything to protect
    individuals whose National Origin is USA
    and whose Age is over 40?

    Does EEO data collected from companies track
    National Origin ? Why not?

    Over the last 40 years, how many Age Discrimination
    cases has the EEOC decided to NOT allocate any
    resources and simply dismiss the cases?

    Is it a fact that the EEOC has done a disservice to US Citizens
    given the EEOC’s failure to interpret of Age Discrimination Acts (1967 & 1975)?
    Do you think that was an accident?

    Why is EEOC routinely and consistently dismissing
    Age Discrimination cases?

    To redress past wrongs, should Affirmation Action be implemented for
    US Citizens over the Age of 40 to ensure Equal Employment Opportunity?

  2. Lambert says:

    I think that different economic policies should be reformed

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