Labor & Economic News Blog
Friday, March 07, 2008
Employers slash jobs by most in 5 years
Employers slash jobs by most in 5 yearsAP - Employers slashed 63,000 jobs in February, the most in five years and the starkest sign yet that the country is heading dangerously toward recession or is in one already. The latest snapshot of the nation's employment climate underscored the heavy toll of the housing and credit crises on companies, jobseekers and the overall economy.
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