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January 9, 2009

Jobs Lost

-- by Dave Johnson

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.

Posted by Dave Johnson at January 9, 2009 7:58 AM


Comments

It would be wise to show that 2.75 million jobs lost in 1945 may have been the equivalent of probably 6million now

Posted by: hector bracero [TypeKey Profile Page] at February 13, 2009 8:46 AM

It would be wise to show that 2.75 million jobs lost in 1945 may have been the equivalent of probably 6million now

Posted by: hector bracero [TypeKey Profile Page] at February 13, 2009 8:46 AM

It would be wise to show that 2.75 million jobs lost in 1945 may have been the equivalent of probably 6million now

Posted by: hector bracero [TypeKey Profile Page] at February 13, 2009 8:46 AM

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