Job Loss in America

[pioneer]

The US economy shed another 131,000 jobs in July, the second month in a row that jobs have been lost, the Labor Department has said.

The private sector created 71,000 jobs, the government said. However, both figures were worse than expected.

Despite the overall fall in job numbers, the unemployment rate was unchanged at 9.5%.

Many analysts are concerned that high unemployment is undermining the US economic recovery.

The job losses sent US stocks sharply lower, with the Dow Jones index falling more than 1% in early trading, though the market later recovered slightly to close down 0.2% at 10653.56 points. - BBC

[statesville]

The U.S. economy is standing on a shaky ground, with the national debt ballooning
      past $13 trillion  and federal deficits fast approaching 10 percent of the U.S.
      gross domestic product, any amount cut from federal spending could help stave
      off insolvency.
If Congress were to completely eliminate foreign aid, the country could save $50 billion.
That money could then go to tax cuts for working-class Americans or to fund safety nets
     for the unemployed or a little of both.

[vrglguapo]

Sad to see that US economy is coming to worse ,I have a friend whose wife was working as DH in US for many years now she is back for good in Bohol.l