The total outstanding fell at an annualised rate of 5.8% in August, the seventh straight monthly drop-and the decline would have been steeper but for the cash-for-clunkers car-sales programme.

今年8月份，未偿还贷款总额年度下降5.8%，这是连续第七个月下降。倘若没有旧车换现金的汽车销售计划，下降还会更为迅速。

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To be sure, 0.4 percentage points is a large monthly decline for the reported unemployment rate.

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At the end of the second quarter the media firm had a record-high 19.5 million subscribers, primarily resulting from the rebound in U.S. auto sales and the decline in deactivations, offset by the improved self-pay monthly turnover rate.

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The total outstanding fell at an annualised rate of 5.8% in August, the seventh straight monthly drop and the decline would have been steeper but for the cash-for-clunkers car-sales programme.

ECONOMIST: Credit in America