Friday, April 4, 2008

Unemployment is on the rise...

The Labor Department reports the U.S. Economy lost 80,000 (non-farm) jobs in March, and the Unemployment Rate rose to 5.1% (the worst since 2005).  The trend is likely to continue as Dell has stated it will reduce it's workforce by more than 9000 jobs over the next 3 years.

March 2008 Unemployment Rates
  • Africian American  9.0%
  • Hispanic/Latino     6.9%
  • White                       4.5%
  • All Workers            5.1%

Read the full article from CNN Money here.

1 comment:

Paul said...

have a look... Dell is cutting more jobs!
http://www.engadget.com/2008/04/03/dell-to-cut-even-more-jobs-as-it-reduces-costs/

So is Motorola - 2600 jobs
http://online.wsj.com/article/SB120726164408087947.html?mod=rss_Telecommunications