WASHINGTON – Unemployment rose to a 15-year high of 6.7% in November, as businesses cut 533,000 non-farm jobs, the Department of Labor reported today.
It was the largest one-month job loss since December 1974.The economy has lost 1.9million jobs this year.
November's job losses represented a dramatic increase from the 320,000 losses in October. It was the 11th consecutive month of job losses.
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