Friday, February 1, 2008

Job losses in January raise recession fears (Reuters)



U.S. employers unexpectedly cut 17,000 non-farm jobs in January, the first time in nearly 4-1/2 years that U.S. payrolls shrank as fading construction and manufacturing sectors reflected the economy's waning momentum. (Graphics/Reuters)Reuters - U.S. employers cut payrolls for the
first time in 4-1/2 years in January, the Labor Department said
on Friday in a report that showed the slowing economy was at
growing risk of sliding into recession.




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