Jobless rate at 16-year high as payrolls plunge
In December, U.S. employers cut payrolls by 524,000, somewhat less than analysts’ prediction for a 550,000 reduction in jobs. Total job losses for 2008 were 2.6 million, the largest decline since a 2.75 million drop in 1945.
But it’s even worse that what you thought, because,
November’s job losses were revised to show a cut of 584,000, previously reported as a 533,000 loss, while October’s losses were revised to 423,000 from a decline of 320,000.
It would be wise to show that 2.75 million jobs lost in 1945 may have been the equivalent of probably 6million now
It would be wise to show that 2.75 million jobs lost in 1945 may have been the equivalent of probably 6million now
It would be wise to show that 2.75 million jobs lost in 1945 may have been the equivalent of probably 6million now