Human cost rises as recession deepens
By Andrew Taylor and Alan Beattie in London
Published: January 8 2009 20:14 | Last updated: January 8 2009 20:14
The human cost of the global downturn is becoming ever more evident, with figures due out on Friday likely to show that another half million Americans lost their jobs to the deepening recession in December.
Some economists fear last month’s drop in US non-farm payrolls, the world’s most widely watched measure of employment, will be even greater than November’s fall of 533,000 – itself the biggest decline since December 1974.
By Andrew Taylor and Alan Beattie in London
Published: January 8 2009 20:14 | Last updated: January 8 2009 20:14
The human cost of the global downturn is becoming ever more evident, with figures due out on Friday likely to show that another half million Americans lost their jobs to the deepening recession in December.
Some economists fear last month’s drop in US non-farm payrolls, the world’s most widely watched measure of employment, will be even greater than November’s fall of 533,000 – itself the biggest decline since December 1974.
