US oil spill could destroy 100,000 jobs: experts

[cory777]

Source: AFP

WASHINGTON — The impact of the Gulf of Mexico oil spill was thrown into sharp relief Tuesday, as US data showed rising unemployment in Louisiana and experts warned the disaster could cost up to 100,000 jobs.

The US Department of Labor said Louisiana -- among the US states worst hit by the spill -- was one of only five states across the country to see a rise in unemployment last month, with the jobless rate up 0.2 points to seven percent.

While the bayou state's unemployment rate remains well below the national average of 9.5 percent, the data comes amid warnings that a worst-case scenario would see 100,000 jobs lost across the Gulf Coast.

Analysts at Moody's reported that the region could face billions of dollars in lost growth from the spill, depending on whether a recent cap halts the flow of crude.

Read more: http://www.google.com/hostednews/afp/article/ALeqM5gOQl6kliB7_W-taiLHKqm6OoznrA

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[Oregone]

1. Not too shabby

Less than a free trade agreement. And when real people are only numbers on a piece of paper...

[alp227]

2. Yep, free enterprise causing unemployment once again. n/t

[dencol]

3. Even more lazy people who would rather sit home on the unemployment rolls

:sarcasm:

[SpiralHawk]

4. "The unemployed must have shitty personalities." - Ben Stein (R - PottyBrain)