US loses jobs at fastest rate in 5 years


	US loses jobs at fastest rate in 5 years

JICWyllie

4-5-2008 2:57 PM

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tags:

economy, consumers, i-employment, i-decrease

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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://www.clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/4b3c14d1-df4f-4c8d-8caf-c7a1c1051503/6A5D668E-D95B-402E-B048-770ABC1E5CBC/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://www.ft.com/cms/s/0/2fbc2cec-0242-11dd-9388-000077b07658.html?nclick_check=1" href="http://www.ft.com/cms/s/0/2fbc2cec-0242-11dd-9388-000077b07658.html?nclick_check=1" style="font-size: 11px;">www.ft.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.ft.com/cms/s/0/2fbc2cec-0242-11dd-9388-000077b07658.html?nclick_check=1">US employers cut more jobs in March than at any other time in the past five years, reinforcing the view that the US is in recession and raising fears about consumer spending.</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.ft.com/cms/s/0/2fbc2cec-0242-11dd-9388-000077b07658.html?nclick_check=1">The weaker-than-expected figures and a jump in the unemployment rate will maintain pressure on the Federal Reserve to cut interest rates by 50 basis points at its next policy meeting, even though policy-makers remain concerned about inflation.</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.ft.com/cms/s/0/2fbc2cec-0242-11dd-9388-000077b07658.html?nclick_check=1">The Bureau of Labor Statistics also revised upwards its estimate of job losses in January and February. The figures show the US has lost between 76,000 and 80,000 jobs every month since the start of this year and 232,000 jobs during the quarter.</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.ft.com/cms/s/0/2fbc2cec-0242-11dd-9388-000077b07658.html?nclick_check=1">A succession of job losses could force the US economy into a more serious downturn as consumers cut back on spending, sapping economic growth.</blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/6A5D668E-D95B-402E-B048-770ABC1E5CBC/blog/" title="blog or email this clip"><img src="http://content7.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

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