www.expressindia.com - Weather | Horoscope | Stocks | RSS
expressindia web city
HomeBlogsCricketAstrology TendersClassifieds Reader Comments Hotels
Sign In / Register | Archive
Expressindia » Story

US estimated to have lost 5,25,000 jobs in Jan

Font Size

Reuters

Posted: Feb 06, 2009 at 1206 hrs IST

New York US non-farm payroll are estimated to have shed more than half a million jobs in January after losing a similar number in December as employers, fearing the impact of a weak economy on sales and profits, shrank their work forces to cut costs.

A poll of 82 economists by Reuters produced a median estimate of 525,000 jobs lost in January after 524,000 jobs were shed from non-farm payrolls in December. Estimates of January job losses ranged from 400,000 to 780,000.

Manufacturing payrolls were estimated to have lost 139,000 jobs, an unsurprising figure given gloomy readings on regional and nationwide manufacturing indexes.

Average hourly earnings were estimated to have risen a slight 0.2 per cent after rising just 0.3 per cent in December.

US Labor Department data is due at 8:30 a.m. EST on Friday.

Discuss this story on expressindia forums
Post Comments
Name* Email ID*
Subject* Country*
Message*
Characters remaining
 
TERMS OF USE: The views, opinions and comments posted are your, and are not endorsed by this website. You shall be solely responsible for the comment posted here. The website reserves the right to delete, reject, or otherwise remove any views, opinions and comments posted or part thereof. You shall ensure that the comment is not inflammatory, abusive, derogatory, defamatory &/or obscene, or contain pornographic matter and/or does not constitute hate mail, or violate privacy of any person (s) or breach confidentiality or otherwise is illegal, immoral or contrary to public policy. Nor should it contain anything infringing copyright &/or intellectual property rights of any person(s).
I agree to the terms of use.

Latest News

Business

Showbiz

Sports

Ex-Oz pacer Rodney Hogg posts anti-Muslim slur on Twitter

Hunt on for man who raped teen, brutally bashed two-year-old girl

Anna Hazare voted Mumbai's 'hero'

Pune bus driver to face probe for any ‘terror links’

Vikram Seth: Salman Rushdie row misuse of religion, power

US does it again, TV channel calls Hindu deities 'weird'

NYPD commissioner's son Greg Kelly accused of rape

More
© 2011 The Indian Express Limited. All rights reserved
Advertise With Us | Privacy Policy | Feedback | Express Group | Site Map