您現在的位置: Language Tips> Audio & Video> Normal Speed News  
       
     





     
    More job losses cloud US employment picture
    [ 2009-07-03 13:44 ]

    Download

    U.S. unemployment continues to rise, with a larger-than-expected number of job cuts in June. The unemployment rate now stands at 9.5 percent, the highest in 26 years.

    Economists and U.S. officials had almost identical reactions to a Labor Department report that American employers cut 467,000 jobs in June.

    Jack Albin is chief investment officer at Chicago-based Harris Private Bank: "Clearly this month's [unemployment] report is a setback,"

    Cristina Romer heads President Barack Obama's Council of Economic Advisors: "This is certainly a setback,"

    More job losses cloud US employment picture

    Both Ablin and Romer appeared on Bloomberg Television.

    Last month's job cuts total exceeded most economists' expectations by more than 100,000. But the point-one percent jump in the unemployment rate from May was more modest than had been anticipated.

    June's job cuts reversed a trend of lower month-by-month loses in the U.S. economy. May saw just more than 300,000 jobs eliminated, down sharply from more than 500,000 in April.

    Although June's total was higher than the number recorded in May, both figures are significantly lower than job-loss totals recorded at the beginning of the year - a fact Romer was quick to point out.

    "Back in December, January, February and March, we were losing close to 700,000 jobs a month," Romer said. "So obviously every time you lose even one job it's a tragedy. We have seen some diminution."

    But even if the U.S. economy is losing jobs at a slower pace than half a year ago, the overall unemployment picture remains bleak, according to Stuart Hoffman, chief economist at PNC Financial Services Group.

    "It is sort of like a bathtub," Hoffman said. "Maybe we have stopped the drain a little bit in terms of the people losing jobs. But what you really need is hiring, a sort of faucet. And no one has turned on that faucet yet."

    America's true unemployment rate may, in fact, be higher than the number provided by the Labor Department, which does not include people who searched for work in vain and have given up, or those who settled for part-time work. If both categories are added, the unemployment rate would top 16 percent, the highest number in 15 years.

    Harris Private Bank's Jack Ablin says deep recessions generate a vicious circle between job losses and reduced economic activity.

    "We have cost-cutting [by businesses] as a result of lower profits," Ablin said. "And that cost-cutting is resulting in higher unemployment, and of course the higher unemployment is creating lack of demand. And that is where the disappointments in profits come from."

    Interrupting that cycle was a primary goal of President Obama's massive economic-stimulus package, which he championed almost immediately upon entering the White House. The idea was to boost spending, thereby creating demand for products, while reducing job losses. Administration officials say funds are flowing into the U.S. economy, but real job creation may not be seen until the beginning of next year.

    On a more positive note, the U.S. Commerce Department reported a 1.2 percent boost in factory orders in May, the biggest jump in nearly a year.

    vicious circle: 惡性循環

    Related stories:

    US unemployment rate gallops ahead of expectations

    US economy slowly improving, challenges remain

    Geithner says US financial system 'starting to heal'

    US jobless rate up to 8.9%, highest in 26 years

    (Source: VOA 英語點津編輯)

    英語點津版權說明:凡注明來源為“英語點津:XXX(署名)”的原創作品,除與中國日報網簽署英語點津內容授權協議的網站外,其他任何網站或單位未經允許不得非法盜鏈、轉載和使用,違者必究。如需使用,請與010-84883631聯系;凡本網注明“來源:XXX(非英語點津)”的作品,均轉載自其它媒體,目的在于傳播更多信息,其他媒體如需轉載,請與稿件來源方聯系,如產生任何問題與本網無關;本網所發布的歌曲、電影片段,版權歸原作者所有,僅供學習與研究,如果侵權,請提供版權證明,以便盡快刪除。
    相關文章 Related Story
     
     
     
    本頻道最新推薦
     
    法國呼吁市民微笑迎游客
    電擊療法 shock therapy/treatment
    研究:愛情不是婚姻唯一保鮮秘訣
    家中度假 staycation
    Speechwriting 寫演講稿
    翻吧推薦
     
    論壇熱貼
     
    英語學習,勢在必得
    誠征英文翻譯十四行詩,懸賞500元
    阿甘正傳經典英文語句
    寫給歌德的情書
    “達人”的準確翻譯是什么?

     

    中文字幕 亚洲 有码 在线| 亚洲中文字幕无码中文字在线| 精品亚洲成在人线AV无码| A∨变态另类天堂无码专区| 无码福利写真片视频在线播放| 中文字幕在线无码一区二区三区| 永久免费AV无码网站国产| 色综合久久中文色婷婷| 天堂AV无码AV一区二区三区| 亚洲AV日韩AV永久无码绿巨人| 最近免费中文字幕mv电影 | 亚洲熟妇无码乱子AV电影| 欧美日韩中文国产一区| 久久亚洲精品无码观看不卡| 无码囯产精品一区二区免费| 最近高清中文在线字幕在线观看| 亚洲欧美日韩、中文字幕不卡| 久久伊人中文无码| 国产精品va在线观看无码| 日韩爆乳一区二区无码| 亚洲大尺度无码无码专区| 无码AV动漫精品一区二区免费 | 欧美日韩中文国产一区| 天堂网www中文在线| 无码人妻久久一区二区三区蜜桃 | 影院无码人妻精品一区二区| yy111111电影院少妇影院无码| 日韩av无码久久精品免费| 亚洲av无码一区二区三区在线播放| 特级做A爰片毛片免费看无码| 国产精品亚洲w码日韩中文| 中文字幕精品视频| 最近中文字幕大全免费视频| 天堂网在线最新版www中文网| 中文字幕精品亚洲无线码二区| 天堂√最新版中文在线| 国产 欧美 亚洲 中文字幕| 无码超乳爆乳中文字幕久久| 狠狠干中文字幕| 线中文在线资源 官网| 无码国内精品久久综合88|