Friday, March 6

650,000 Jobs Lost

The country lost another 650,000 jobs last month while the unemployment rate jumped to 8.1 percent as companies continued to slash payrolls in the face of an unyielding recession.

In the last four months alone, employers shed 2.6 million jobs. Last month, according to the U.S. Bureau of Labor Statistics, job declines were "widespread across nearly all major industry sectors."

The government also reported that December and January sustained greater job losses than previously calculated. Employers shed 681,000 jobs in December and 655,000 jobs in January. The new December total rivals losses not seen in some 50 years.




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