598,000 workers lose their jobs in January
The number of cuts by employers is the biggest for any single month since 1974, according to the Labor Department. The unemployment rate climbs to 7.6%.
Reporting from Washington and New York -- Spooked by the deteriorating economy, businesses are continuing to shed jobs at an alarming pace, pushing the unemployment rate to 7.6%, its highest level in 16 years.
The government Friday gave its latest damage report: 598,000 jobs lost in January, the biggest for any single month since 1974.
In times like these, I am very thankful for my job. A job that I like doing and get self-satisfaction from. To all the folks who have lost their jobs...I hope you can find another as soon as possible.
The government Friday gave its latest damage report: 598,000 jobs lost in January, the biggest for any single month since 1974.
In times like these, I am very thankful for my job. A job that I like doing and get self-satisfaction from. To all the folks who have lost their jobs...I hope you can find another as soon as possible.
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