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Very Ugly Jobs Report: Employers Slash 533,000

December 5, 2008 RSS Feed Print

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The unemployment rate hit 6.7 percent in November as employers slashed their payrolls much more deeply than economists had expected, the Labor Department reported this morning.

These were the largest cuts in 34 years, although it's worth noting that the workforce has grown considerably since then (it's about 50 percent larger than in the early 1980s).

Economists were expecting to see about 320,000 jobs lost in the month. The unemployment rate was up from 6.5 percent in October.

More to come...

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Hi everyone. To be willing to die for an idea is to set a rather high price on conjecture.
I am from Latvia and too bad know English, please tell me right I wrote the following sentence: "You want your resume to highlight your strong points that make your resume stand out from the others."
THX :o, Sumi.

Sumi of WY 2:30PM February 15, 2009

Hi. Repetition does not transform a lie into a truth.
I am from Indonesia and also now am reading in English, give true I wrote the following sentence: "Lbs, cytogainer, from cytosport prices before you buy to make sure you get the best deal."
Thanks :P. Gella.

Gella 2:30PM February 15, 2009

Very Ugly Jobs Report: Employers Slash 533,000

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