WASHINGTON – As bad as 2008 was in terms of recession-induced job losses, the new year seems to be even worse.
Unemployment rose to 7.6% in January, as businesses cut 598,000 non-farm jobs, the Department of Labor reported today.
The economy has lost 3.6 million jobs since the current recession started in December 2007, about half of those losses occurred in the past three months. The total number of jobs declined during each of the last 13 months.
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