Unemployment in the United States has risen to its highest level for 26-years.
As many as 263,000 people lost their jobs in September way above the 180,000 economists predicted. Federal Reserve Chairman Ben Bernanke said the economic expansion is still too fragile to help bring down the number of people signing on. The increase in those out of work follows a trend, which has seen the jobless total go up from April with a slight drop in July to its September figure of 9.8 percent. There is grim news from General Motors the car giant is to close the Saturn brand after Penske Automotive Group knocked discussions on the head to buy the unit, 13,000 jobs look set to go along with 350 dealerships. Likewise United Airlines are looking to shed jobs and cut labour costs, last month 290 pilots were told to take leave and other carriers look to follow suit.