As we break into summer, a lot is concentrating our minds at GBN.
USA : Unemployment rises to 9.7 % in August
After a small decrease in July, unemployment increased 0.3% to reach 9.7 % in August. Since the beginning of the recession, the US economy has lost a total of 6.9 million jobs with total unemployment now at 14.9 million.
The construction industry was the most severely affected sector last month, with 65 000 workers being made unemployed, while overall, job losses have been seen in manufacturing and service industries.