Labor & Economic News Blog
Friday, January 09, 2009
US unemployment surges as 524,000 jobs lost
US unemployment surges as 524,000 jobs lostAFP - US employers shed a massive 524,000 jobs in December, capping a yearly loss of 2.8 million, as a deepening recession pushed unemployment to a 16-year high of 7.2 percent, official data showed Friday.
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