483,000 Jobs Lost Per Month Since September; 2008 Recession Hit Hard
An estimated 524,000 Americans who had jobs at Thanksgiving were unemployed by the New Year, according to a report by the Department of Labor.
The U.S. economy has lost jobs for 12 consecutive months, at an alarming pace. Since September, on average, 483,000 jobs were lost per month, or as many as 16,000 a day.
The Department of Labor's announcement brought the job loss total to 2.6 million in 2008. Unemployment levels rose to 7.2 percent, the highest since January 1993.
The losses make 2008... Full Story
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