WASHINGTON (Reuters) - U.S. employers cut a fewer-than-expected 216,000 jobs in August, while the unemployment rate rose to a 26-year high, the government said on Friday in a report showing a still fragile labor market.
I was talking to an oilfield flatbed driver out of Longview, TX. They lowered his guaranteed weekly pay to $600 from $700 and he's getting lousy miles. At least he has a guarantee I guess.