Jobs decline rattles economists



 
Jobs decline rattles economists


Analysts had predicted payrolls would grow 100,00 in August. Instead they fell, even before the market turmoil.



-- The notion that the U.S. is flirting with recession grew more credible Friday as the government reported that the economy shed jobs last month for the first time in four years, indicating that damage from the sub-prime mortgage meltdown had spread.

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News entry number 1159 added on Sep 8, 2007 in the Business News category.

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