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Wednesday, December 24, 2008

Facts & Figures-62: "Lakhs and Lakhs people lose Jobs in USA!"

The Labor Department of the Govt of USA has reported that 5,33,000 people lost their jobs in November. Another 6,21,000 were forced into part-time employment. 4,22,000 simply dropped out of the labor force. 24,000 were laid off by auto dealers. The situation seems to be far worse than economists expected.
Source: Paul Ford, Harper's Weekly, December 9, 2008.
Grateful thanks to Paul Ford and Harper's Weekly.

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