So far this year, the economy has lost nearly 1.2 million jobs so far this year, including 240,000 in October. The unemployment rate rose to 6.5%, a 14-year high, last month. That rate is expected to rise to 7.6% in 2009, according to a report released last week from the Federal Reserve.
Thursday, December 4, 2008
THE LOST OF JOBS
So far this year, the economy has lost nearly 1.2 million jobs so far this year, including 240,000 in October. The unemployment rate rose to 6.5%, a 14-year high, last month. That rate is expected to rise to 7.6% in 2009, according to a report released last week from the Federal Reserve.
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