Thanks A Bunch

Job losses rise in Dec., unemployment 7.2 pct.

December figures cap a year featuring job losses every month

Pat Sullivan / AP BREAKING NEWS

WASHINGTON - Trying to survive a deepening recession, employers are cutting their work forces to the bone, leaving more Americans unemployed and with dim prospects of finding a new job any time soon.The Labor Department reported Friday that the jobless rate rose to 7.2 percent in December and payrolls dropped by 524,000 jobs, capping a year when job losses were logged every month and presaging more job losses to come.MORE AT AP LINK: http://news.yahoo.com/s/ap/20090109/ap_on_bi_go_ec_fi/f...

Jobless rate jumps to 7.2 percent in December

By JEANNINE AVERSA, AP Economics Writer

WASHINGTON – The government says the nation's unemployment rate bolted to 7.2 percent in December, the highest since early 1993, as employers slashed 524,000 jobs.The Labor Department's report underscores the terrible toll of the deepening recession and highlights the hard task President-elect Barack Obama faces in resuscitating the flat-lined economy. For all of 2008, the economy lost 2.6 million jobs. That was the most since 1945, when nearly 2.8 million jobs were lost, although the number of jobs in the U.S. has more than tripled since then.THIS IS A BREAKING NEWS UPDATE. AP's earlier story is below.

WASHINGTON (AP) — Trying to survive a deepening recession, employers are cutting their work forces to the bone, leaving more Americans unemployed and with dim prospects of finding a new job any time soon.- snip -If the conservative 2.4 million estimate of net payroll reductions for 2008 proves correct, it would mark the first annual job loss since the previous recession in 2001. It also would be the worst year of job losses since 1945, when employers slashed nearly 2.8 million jobs, though the number of jobs in the U.S. has more than tripled since then.MORE AT LINKRead more: http://www.msnbc.msn.com/id/28574446

Hey, all you ignorant, delusional STUPID REPUBLICUNTS and willfully ignorant Americans:

Thanks a bunch.