Please ensure Javascript is enabled for purposes of website accessibility
Home / Government / World Bank warns unemployment threatens US economy (10:29 a.m. 11/11/09)

World Bank warns unemployment threatens US economy (10:29 a.m. 11/11/09)

By ALEX KENNEDY Associated Press Writer SINGAPORE (AP) — Stubbornly high joblessness threatens to trigger loan defaults and drag on consumption next year, hobbling a U.S. economy struggling to rebound from recession, World Bank President Robert Zoellick said Wednesday. Zoellick warned that the U.S. unemployment rate, which jumped to a 26-year high of 10.2 percent in October, will ...

Leave a Reply

Your email address will not be published. Required fields are marked *

*