reading

Jobless rate climbs as 51,000 jobs vanish
http://news.yahoo.com/s/ap/20080801/ap_on_bi_go_ec_fi/economy

1. Vocabulary
- vanish (verb): ignore/disappear/ dissolve/evaporate/fade away
Eg: The hope to gain this scholarship vanished like a bubble.

-far-off (adj): hopeless
Eg: To remain the development of the economy becomes far off.

- shed (verb): cast/radiate/give out/discard
(noun): cast-off
Eg: The economy has shed jobs each month this year — 463,000 in all.

- stagger (verb): astound/surprisestaggering
(adj and noun)/ staggnant (adv)
Eg: Many people may be socked by staggering report.

- offset (verb): make up for/ balance out
Eg: Government decided to offset 100USD for energy cost.

- turbulence (noun): confusion/disorder
Eg: Oil price is one of causes that lead to the turbulence in the economy.

2. Summary
The number of US unemployment was increased from 7.7 million in July 2007 to 8.8 million in July 2008. In addition, price has been increasing and the weakness of economy and inflation has made people worried about the recovery of this situation. The report of General Motor showed the hash fact, their sales fell more than a quarter in comparison with the last year. Moreover, the Institute for Supply Management’s also gave a remarkable figure. Manufacturers has cut down 35,000 jobs, construction companies 22,000 and the retailers 17,000 respectively.