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Unemployment Rate Rises to 8.1%

By DIANA GOLOBAY

Non-farm payroll employment contracted by 651,000 in February, effectively pushing unemployment to 8.1 percent from 7.6 percent he previous month, according to data released Friday by the U.S. Department of Labor. The economy has shed a total 2.6 million paid, non-farm jobs in the past four months alone, according to the payroll data. The employed [...]

Full post as published by Housing Wire on March 06, 2009 (boomark / email).