Unemployment Picture Remains Bleak as Firms Cut Spending

U.S. consumers have been hit by waves of layoffs since year 2008, a trend not expected to reverse in the near future.
Unemployment Picture Remains Bleak as Firms Cut Spending
Sen. Tom Harkin talks about extending unemployment benefits during a news conference with fellow Senate Democrats at the U.S. Capitol October 20, 2009 in Washington, DC. Chip Somodevilla/Getty Images
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<a><img src="https://www.theepochtimes.com/assets/uploads/2015/09/1ahrk92079989.jpg" alt="Sen. Tom Harkin talks about extending unemployment benefits during a news conference with fellow Senate Democrats at the U.S. Capitol October 20, 2009 in Washington, DC. (Chip Somodevilla/Getty Images)" title="Sen. Tom Harkin talks about extending unemployment benefits during a news conference with fellow Senate Democrats at the U.S. Capitol October 20, 2009 in Washington, DC. (Chip Somodevilla/Getty Images)" width="320" class="size-medium wp-image-1825510"/></a>
Sen. Tom Harkin talks about extending unemployment benefits during a news conference with fellow Senate Democrats at the U.S. Capitol October 20, 2009 in Washington, DC. (Chip Somodevilla/Getty Images)
Heide B. Malhotra
Heide B. Malhotra
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