Private employers cut 298,000 American jobs last month, far above economists’ expectations, and squeezed more work out of staff over fewer hours.
The ADP Employer Services report on jobless numbers in August exceeded the 250,000 staff cuts economists had forecast.
Employees who kept their jobs worked even harder over shorter hours, according to the Labor Department today.
Revised productivity figures, which show the amount of output per hour of work done, rose by an annual rate of 6.6 per cent in the second quarter, the biggest rise in nearly six years.
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4 comments:
The worse is yet to come , I don't know why people still hang on to this Obama nut. He has done more damage to the government than any
enemy or anti-American group in
the history of the nation. He is destroying our religion , our culture , our Democratic form of government and our moral values.
2:22pm-not Obama's fault, try Congress since 2006 or even better, Congress since Newt Gingrich left.
2:22-
Destroying our religion? What are you talking about?
MD_Progressive
This is going to add more costs to affect the health insurance rates. More accidents, more disease due to stress. That ole snowball is getting bigger and bigger until it slams.
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