According to ADP employment reports, U.S. employers cut an estimated 33,000 jobs in the month of August. The report blamed week demand for goods and the lingering housing slump as driving factors. Economists were expecting …

The current unemployment rate in the U.S. has topped the 5% mark, according to the latest government statistics.  The Labor Department reported that nonfarm payrolls fell by 80,000 in March.  This is the largest decline …