Job Losses in U.S. Slow as Unemployment Climbs to 26-Year High
According to Bloomberg News, the U.S. economy lost fewer jobs in August as unemployment climbed to a 26-year high, indicating the recovery from the worst recession since the 1930s will be slow to gain speed.
Companies cut payrolls by 216,000 workers, less than forecast, after a 276,000 drop in July, Labor De...