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The job contraction last month was on top of large losses in January and February.
That is the biggest monthly drop in five years and the ninth straight month of job contraction.
Coming against expectations by Wall Street analysts of weak job growth, the report of job contraction was read as a surprising sign of weakness in the economy.
Job contraction.
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Both Anne Sweeney, the president of the Disney-ABC Television George BodenheimerBodenheimer, the ESPN chief executive, cited worsening economic conditions for the job contractions.
The lower the number goes, the sharper the jobs contraction.
Questions are percolating about how well the building will sell in light of the loss of some of the highest-paying local jobs, contractions on Wall Street, and the mortgage credit crunch.
The downturn is already taking its toll: in September there were 23,000 fewer jobs, a contraction that disproportionately hits the women and young people who make up the high street's army of part-time workers.
Much of the discussion at the WIEF revolved around the global economic meltdown and its impact on Muslim countries that are now facing economic contraction, job losses and greater poverty due to the reckless model of unfettered market liberalism.
The move is accompanied by an increase in purchases of agency mortgage-backed securities (another $750.0 billion) and agency debt ($100.0 billion) that will see the central bank pump at least another $1.1 trillion into the U.S. economy in its effort to improve conditions in private credit markets, amid continued contraction, job losses and declining consumer sentiment.
The move is accompanied by an increase in purchases of agency mortgage-backed securities that will see the central bank pump at least another $1.1 trillion into the U.S. economy in its effort to improve conditions in private credit markets, amid continued contraction, job losses and declining consumer sentiment.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com