The U.S. unemployment rate hit a 25-year high of 8.1 percent last month as employers buckling under the strain of a severe recession axed 651,000 jobs, government data showed on Friday.
The manufacturing sector shed 168,000 jobs in February, after eliminating 257,000 positions the prior month. Construction industries bled 104,000 jobs in February after losing 118,000 in January.
The service-providing industry slashed 375,000 positions after shedding 276,000 in January.
Read the full article here
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment