U.S. loses 159,000 jobs

Unemployment rate remains at 6.1 per cent in September
By
|hrreporter.com|Last Updated: 10/30/2008

The United States lost 159,000 jobs in September, marking the ninth straight month of job losses, according to the Bureau of Labor Statistics.

However, with 121,000 people leaving the workforce, the unemployment rate remained unchanged from August at 6.1 per cent.

September's drop was the largest net monthly decline in employment since January and the steepest rate of decline in more than five years. The American economy has lost a net 760,000 jobs this year.