Saturday, 4 April 2009

Bad news? - Not important now!!!

U.S. May Keep Losing Jobs After Unemployment Hit 25-Year High

Auto Industry

Still, the manufacturing slump that began more than a year ago may intensify should General Motors Corp. be forced into bankruptcy, economists said. As many as 1 million additional auto-industry jobs may be lost and unemployment would climb to 11 percent, said Joseph LaVorgna, chief U.S. economist at Deutsche Bank Securities Inc. in New York.

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