7.6% jobless in January; 598,000 more out of work
The United States lost 598,000 jobs last month and the unemployment rate rose to 7.6 percent, its highest level in more than 16 years, the Labor Department sai…
- By DEMOCRAT-GAZETTE PRESS SERVICES
February 6, 2009
The Labor Department's report, released Friday, showed the toll the recession is having on workers and companies: Employers across the nation eliminated 598,000 jobs in January.
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Unemployment rate at 7.6%; 598,000 jobs lost in January
Employers eliminated 598,000 jobs in January, the most since the end of 1974, and catapulted the unemployment rate to 7.6 percent.
- By The Associated Press
