US Layoffs Down To 55% In March

This month has proved to be a little better in relevance to the unemployment rate as the layoff in US have declined about 55% in March this year, making the figure 67,000 as compared to march 2009.

Comparison Between Government and Private Sector Job Markets!

A report issued on Thursday reveals that huge difference between private and government sectors is seen, regarding their response to recession in the job market. The government sector is said to be more stable in economic downturn. Find out the reasons of this difference. Govenment sector has been adding jobs for the last eight months while the contrary is seen in the private sector. It seems that recession has hit goverment sector only recently since now they are cutting on jobs. Employment in state government other than education is declining.

Unemployment Rises, Stocks Fall

According to government records jobless rate is 9.5%, which is slightly less than what was expected, but nonfarm payrolls make 467,000 people jobless.