Employers Slash 598k Jobs, Unemployment 7.6 Percent

by Benjamin Domenech on 9:55 am February 6, 2009

Recession-battered employers eliminated 598,000 jobs in January, the most since the end of 1974, and catapulted the unemployment rate to 7.6 percent. The grim figures were further proof that the nation’s job climate is deteriorating at an alarming clip with no end in sight.

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