As the credit crunch roils financial markets and the U.S. economy sputters, new college graduates are plunging into the rockiest job market in recent years.
Wall Street banks hit by mortgage losses and writedowns have cut more than 34,000 jobs in the past nine months, the most since the dot-com boom fizzled in 2001.
In 1878, Carroll D. Wright set out to do something that nobody in the United States had apparently ever done before. He tried to count the number of unemployed.
Workers are getting fewer hours, and those without jobs are staying unemployed longer or accepting lower pay.
Bill Clinton's campaign famously defined the 1992 election with the phrase, "It's the economy, stupid." Today, "It's the jobs, stupid."
Very interesting article about the slowdown in China's economy due to the ripples of the subprime housing market in the USA. The problems have been made worse by the worst weather in 50 years in China which is causing massive food shortages.
Saturday, January 12, 2008 And This Affects Me How?????????
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