"WASHINGTON - Skittish employers slashed 533,000 jobs in November, the most in 34 years, catapulting the unemployment rate to 6.7 percent, dramatic proof the country is careening deeper into recession.
The new figures, released by the Labor Department Friday, showed the crucial employment market deteriorating at an alarmingly rapid clip, and handed Americans some more grim news right before the holidays.
As companies throttled back hiring, the unemployment rate bolted from 6.5 percent in October to 6.7 percent last month, a 15-year high."
Full article here:
http://www.msnbc.msn.com/id/28067433?GT1=43001
Oh, always much fun to hear that jobs are getting harder and harder to get during finals. At least this hasn't affected my ability to get part-time gigs too much yet.
Ahhh, and then this sort of stuff makes you think of loans that need to be paid off in a couple of years. Ahhhh. I guess now I'll stop thinking about this and "relax" with final papers.
peace,
Tori
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