President-elect Barack Obama talks economy, foreign policy on ‘Meet the Press’

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.

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.