Employers in U.S. Cutting Jobs, Hours, Signaling Slower Growth | WHAT REALLY HAPPENED


Employers in U.S. Cutting Jobs, Hours, Signaling Slower Growth

Employers in the U.S. fired workers in July for a seventh straight month and cut hours for remaining staff to a record low, signaling economic growth weakened at the start of the second half of the year.

Americans labored an average 33 hours and 36 minutes per week, six minutes less than in June and matching the shortest workweek since records began in 1964, the Labor Department said yesterday in Washington.

Webmaster's Commentary: 

More of Bush's true economic "legacy".

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