Friday, March 06, 2009

thanks for the economy, bush!

Jobless rate bolts to 8.1 pct., 651,000 jobs lost

WASHINGTON – The nation's unemployment rate bolted to 8.1 percent in February, the highest since late 1983, as cost-cutting employers slashed 651,000 jobs amid a deepening recession.

Both figures were worse than analysts expected and the Labor Department's report shows America's workers being clobbered by a wave of layoffs unlikely to ease in the coming months.

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