Labor & Economic News Blog
Friday, September 07, 2007
Job Cuts a Symptom of Struggling Economy
Job Cuts a Symptom of Struggling EconomyNPR audio:
For the first time in four years, the economy actually lost jobs in August, the Labor Department said Friday. Adding to the bleak picture was word that Countrywide Financial Corp., the nation's largest mortgage lender, plans to cut up to 12,000 jobs in the next few months.
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