QUOTE
Economy likely shed 80,000 jobs in April
Wed Apr 30, 2008 1:04pm
WASHINGTON (Reuters) - The economy likely shed more jobs in April as the economy continued to weaken against the backdrop of a deeper deterioration in the housing market and a growing credit crunch.
Economists polled by Reuters ahead of the Labor Department report to be released on Friday at 8:30 a.m. EDT have forecast that the economy lost 80,000 jobs after losing the same amount a month earlier.
That cut in jobs is likely to bring the unemployment rate up to 5.2 percent from 5.1 percent.
...
The brunt of the job cuts so far this year, nearly a quarter of a million, have come from the manufacturing and housing sector and economists expect this trend to continue.
Link
Wed Apr 30, 2008 1:04pm
WASHINGTON (Reuters) - The economy likely shed more jobs in April as the economy continued to weaken against the backdrop of a deeper deterioration in the housing market and a growing credit crunch.
Economists polled by Reuters ahead of the Labor Department report to be released on Friday at 8:30 a.m. EDT have forecast that the economy lost 80,000 jobs after losing the same amount a month earlier.
That cut in jobs is likely to bring the unemployment rate up to 5.2 percent from 5.1 percent.
...
The brunt of the job cuts so far this year, nearly a quarter of a million, have come from the manufacturing and housing sector and economists expect this trend to continue.
Link