Jobs go in big US downturn

Denver News.Net
Friday 4th July, 2008

US firms have made redundant 60,000 Americans over the past month.

Total job losses so far this year are close to a staggering 438,000.

Heavy job losses were reported in construction, manufacturing and financial services, the worst casualties of the housing, credit and financial debacles.

Weighed down by energy prices and the housing crisis, thousands of employers and employees are worried about the future.

With more job cuts expected in coming months, there's growing concern that many people will pull back on their spending, dampening growth in the world’s largest economy.

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