Friday, January 09, 2009

Job Losses Rise in Dec., Unemployment 7.2%

The Labor Department reported Friday that the jobless rate rose to 7.2 percent in December and payrolls dropped by 524,000 jobs, capping a year when job losses were logged every month and presaging more job losses to come. That marks the highest jobless rate since January 1993.

read more | digg story

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