| Summary Box: Unemployment hits 5-year high By The Associated Press THE LATEST: The nation's unemployment rate zoomed to a five-year high of 6.1 percent August and employers slashed jobs for the eighth month in a row. WHAT IT MEANS: With jobs harder to find, there's growing fears that consumers will pull back on their spending, throwing the economy into a tailspin later this year. THE OUTLOOK: The unemployment rate will keep rising, possibly hitting 7 percent next year. Associated Press text, photo, graphic, audio and/or video material shall not be published, broadcast, rewritten for broadcast or publication or redistributed directly or indirectly in any medium. Neither these AP material nor any portion thereof may be stored in a computer except for personal and non-commercial use. AP will not be held liable for any delays, inaccuracies, errors or omissions therefrom or in the transmission or delivery of all or any part thereof or for any damages arising from any of the foregoing. Copyright 2008 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed. |
advertisement
advertisement
Marketplace
advertisement
© All Media Guide, LLC. Portions of content provided by All Music Guide®, a trademark of All Media Guide, LLC.