Raw Story: "BREAKING: UNEMPLOYMENT RISES TO 5.1%: DEVELOPING..."

[Amerigo Vespucci]

No story yet.

"All caps" courtesy of Raw Story...I copied and pasted:

http://www.rawstory.com/

[Delphinus]

1. It's not just the unemployed,

it's the UNDERemployed and all the unemployed who've given up looking.

[chat_noir]

2. Employers Chopped 80,000 Jobs Last Month; Unemployment Rate Rose to 5.1 Percent

WASHINGTON (AP) -- Employers worried about recession slashed 80,000 jobs in March, the most in five years and the third straight month of losses.

At the same time, the national unemployment rate rose from 4.8 percent to 5.1 percent, the clearest signal yet that the economy might already be contracting. The new snapshot of the job market, released by the Labor Department Friday, underscored the damage that a trio of crises --in the housing, credit and financial sectors -- has inflicted on companies, jobseekers and the economy as a whole.

The unemployment rate was the highest since September 2005, when significant job losses followed the devastating blows of Gulf Coast hurricanes.

Job losses were widespread in March. Construction, manufacturing, retailing, financial services and various business services all racked up losses. That overwhelmed gains elsewhere, including in education and health care, leisure and hospitality as well as in government.

http://biz.yahoo.com/ap/080404/economy.html

[Laura PourMeADrink]

3. Wow, and they expect it to only rise slightly. Sad news for so many !

[madrchsod]

4. 5.1%....who are they kidding

it`s a lot higher than that. remember the bushbots changed the formula years ago...