Jan 09 2009
Worst Year for Lost Jobs
Wow, if this is not the worst news to hear…
Worst year for jobs since ’45
Annual loss biggest since end of World War II. Unemployment rate rises to 7.2%
By David Goldman, CNNMoney.com staff writer
Last Updated: January 9, 2009: 12:11 PM ET
NEW YORK (CNNMoney.com) — The hemorrhaging of American jobs accelerated at a record pace at the end of 2008, bringing the year’s total job losses to 2.6 million or the highest level in more than six decades.
A sobering U.S. Labor Department jobs report Friday showed the economy lost 524,000 jobs in December and 1.9 million in the year’s final four months, after the credit crisis began in September.
