Saturday, February 2, 2008

Employment drops in a pink slip blizzard (AP)



Job seeker Cher Connor, left, listens as Henry Savage, a supervisor with U.S. Customs and Border Protection explains employment with his agency as other Job seekers talk with recruiters from potential employers at the Monster.com Job Fair at the Red Lion Bellevue Inn, in Bellevue, Wash., on Thursday, Jan. 31, 2008. Nervous employers cut 17,000 jobs in January ? the first such reduction in more than four years and a fresh sign that the economy is in danger of stalling. The Labor Department's report, released Friday, also showed that the unemployment rate dipped slightly to 4.9 percent, from 5 percent, as the civilian labor force shrank slightly. (AP Photo/Kevin P. Casey)AP - In a shower of pink slips, U.S. employers cut jobs last month for the first time in more than four years, the starkest signal yet that the economy is grinding to a halt if it hasn't already toppled into recession.




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