19 October, 2007 [1]:
2 July, 2009 [2]:
US job losses worse than expected
The unemployment rate is creeping towards 10%
The number of jobs lost in the US last month came in at 467,000, which was much more than had been expected. The jobless rate rose to 9.5%, from 9.4% in May. The non-farm payrolls number would usually be released on a Friday, but has been announced a day early because US markets will be closed on Friday.
The reality has only just begun to unfold, which we had warned almost 2 years ago.
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