Labor & Economic News Blog
Friday, January 09, 2009
Job losses ballooned in final quarter of 2008
Job losses ballooned in final quarter of 2008This morning the Bureau of Labor Statistics reported the nation shed 524,000 jobs last month, capping 12 months of declining payroll employment. The BLS also revised its employment estimates for previous months downward by 154,000 jobs, showing that the U.S. economy lost nearly 2.6 million jobs since December 2007.
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