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Jan 27 2009   11:03AM GMT

Bad day for the US

khall2 Profile: khall2

Tags:
America
economy
Europe
IT
jobs
losses
Sun
tech
US

Yesterday was probably the worst day in terms of job losses in the US, since the start of the downturn in October 2008. A staggering 55,000 jobs were lost, and a majority of these losses were in the IT/Tech sector. As my boss said, when the US sneezes, we are quick to follow – are we due a Black Monday?

The Washington Post gives a rundown of what happened yeterday

Sun loses headcount

Whilst the number of losses that hit Europe and the UK yesterday was around 7-8,000, it’s not got quite the shock value of 55,000.

Are we going to catch the same cold the US has?

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