Job Adds
Reports of the Work Department have shown 240,000 American citizens have lost their jobs only in the past month of October, increasing to over 1,2 million the number of unemployed in the US only from the beginning of 2008.
Unemployment rates have thus increased from 6,1% in September, to a 6,5% at present; this high number has not been reached in the US since March of 1994.
More than half of the people who lost their jobs this year, have become unemployed in the last three months; specifically, 127,000 in August, and 284,000 in September.
Most of those affected were working in the fields of construction and manufacturing, while fields like coalmining and health were even requiring more personnel.
In constructions, 49,000 people have lost their job, which has created a new record of 10 million unemployed constructions-related workers, phenomenon not seen since 25 years ago.
Financial analysts do not seem to be confident the situation will get better any time soon.
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This post was written by Dana Ciucalau on November 7, 2008
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