The economy lost 533,000 jobs in November, according to a government report -- bringing the year's total job losses to 1.9 million. November had the largest monthly job loss total since December 1974, CNNMoney reports. According to the Labor Department, the unemployment rate rose to 6.7 percent from 6.5 percent in October. It is the highest unemployment rate since October 1993.Friday, December 5, 2008
533,000 Jobs Lost in November
The economy lost 533,000 jobs in November, according to a government report -- bringing the year's total job losses to 1.9 million. November had the largest monthly job loss total since December 1974, CNNMoney reports. According to the Labor Department, the unemployment rate rose to 6.7 percent from 6.5 percent in October. It is the highest unemployment rate since October 1993.
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1 comment:
I cannot stand my job but I am thankful that I have one!
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