The job losses from America's subprime mortgage mess continue to mount with another 3,700 people being fired today. That means more than 14,000 people have lost their jobs since last Friday in the US mortgage industry and over 221,000 so far this month.

According to US job outplacement consultants Challenger, Gray & Christmas Inc, the US financial industry has cut around 90,000 job cuts so far this year, more than 75% more than the total of 50,327 for all of 2006.