U.S. unemployment rate rose to 6.1 percent, a five-year high

September 7 - the United States last month, the unemployment rate rose to five years to the highest level, reaching 6.1 percent, some analysts said that this is the precursor of economic recession, so that the end of the economic recovery prospects appeared dim.

Singapore, "Lianhe Zaobao", according to the U.S. Labor Department data released the day before yesterday, the U.S. unemployment rate in August exceeded 6 percent of the important psychological barrier than July's 5.7 percent higher. The next few months, the unemployment rate will continue to rise until the new president was born at the expected recovery is still difficult.

Since employers are worried about the economy and business prospects, the major reduction in manpower alone in August, employers on the abolition of 84,000 jobs, this is the second consecutive 18 months in office to reduce the situation.

In the first eight months of this year, a decrease of employment opportunities for 605,000, this number is almost the total population of Alaska.

Economists believe that, if the job market remained stable, adding a month to 100,000 jobs. Age Si (Argus) research institutions economist Yamai Long worried that rising unemployment will enable consumers and businesses the mentality of "considerable concern turned into fear," which further reduce expenses.

The United States by the current economic plight of housing, credit, financial problems of the triple blow to the current crisis has not yet signs of easing, many economists believe that in turn for the better before, the situation will deteriorate, this is also the general public is most worried about the scenes.

The businessmen, the rise in unemployment this year, means that the company will reduce the cost of funds or employment on the investment. U.S. Golden Gate University Business School Dean Kangnai Li said: "The psychological care of business, coupled with the spending power of depletion, the situation shows that the recession is real."

Last month the number of unemployed reached 9.4 million, more than 2.3 million from a year earlier. Economists forecast that by the autumn, the unemployment rate will reach as high as 7 percent.

Faced with this grave situation, more analysts forecast the U.S. economy in the last three months of this year and next year will be the first three months of negative growth, in line with the typical definition of recession.

Not optimistic about the economic outlook, the Democratic members of Congress to call for the implementation of the proposed second in supporting economic revitalization, but the Bush administration and Republican lawmakers to the present or to remain silent.

U.S. Democratic Party and the Republican Party's presidential candidate of course, with the unemployment problem to big issue. Advocated to reduce the family tax on employment, as well as through public construction, revive the economy of the Democratic candidate Obama said: "I encounter every day working men and women are more hard work, but has received less."

Republican candidate John McCain, vowed: "for the unemployed, the exhaustion of savings, investment in real estate failed to find a way out." He believes that tax relief, vocational training and pro-trade measures will be able to ease economic difficulties.

The unemployment rate rose to the White House is also very disappointed that the White House spokesman Pei Linuo said: "The labour market does not expect a good, we hope to resume employment growth, we understand that for many Americans, this is a difficult period and we look forward Each would like to employment of people can find work. "