Jobs Down in December
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Trying to survive a deepening recession, employers are cutting their work forces to the bone, leaving more Americans unemployed and with dim prospects of finding a new job any time soon.
The Labor Department reported Friday that the jobless rate rose to 7.2 percent in December and payrolls dropped by 524,000 jobs, capping a year when job losses were logged every month and presaging more job losses to come.
That marks the highest jobless rate since January 1983.
Copyright 2009 The Moderate Voice