Less Jobs Cut in April
Posted by: BookGirl on: May 2, 2008
The month of April was kinder to us than the month of March. The number of jobs cut in April totaled 20,000, compared to the 81,000 lost in March.
That brings the unemployment percentage to 5%. Pretty much resulting in an economic suckfest, but still better than the former projections:
«The latest snapshot of the nationwide employment conditions — while clearly still weak — was better than many economists were anticipating. They were bracing for job cuts of 75,000 and for the unemployment rate to climb to 5.2 percent.»
This may be a short term victory however. Economists still predict we will have an umemployment rate of about 6% by next year. So let’s not break out the champagne just yet.
1 Response to "Less Jobs Cut in April"
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May 2, 2008 at 11:56 am
Well when the democrats raised the Fed Min Wages and took away tax breaks from companies what else could we expect…get rid of employees to save on wages, charge more for food and other products so as to off set the money lost from losing the tax breaks. Higher the wage, the more it cost to make the product so the higher the cost to us The American people! Around in a circle we go!