Friday, March 7, 2008

Feb US Jobs Fell by 63k, Highest in 5yrs

For 2nd consecutive mth, and the biggest in 5yrs, payrolls fell by 63k.

This triggered further decline in US$, and higher oil price; and with credit squeeze, consumers are likely to reduce spending.

* CNBC-Payrolls , Bloomberg-Payrolls *

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