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July 3, 2008 New Labor Report Indicates that
"U.S. Labor Market is in its longest losing streak in six years"
According to the employment situation summary for June, employers cut over 60,000 jobs. This has lead to an increase in laid-off people signing up for unemployment insurance. According to National Public Radio, applications are at the highest level since late March.
Heavy job losses in construction, manufacturing, business services, and retail have continued their downward trend in June. Meanwhile, jobs in health services, education, leisure and hospitality, and government have shown a steady increase in 2008. The unemployment rate has held steady at about 5.5 percent.
However controversial it may be to call this period in the U.S. economy a "recession," the new labor report definitely indicates a substantial downturn in the economy. It is more important now than ever to have a resume that sparkles, and we can help you do that. Give us a call at 888-553-3487 today to find out how.
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