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Unemployment Climbs to 7.6 Percent

By KELLY CURRAN

January brought unwelcome signs of an ever deepening recession, as unemployment reached 7.6 percent, up from 7.2 percent in December, and nonfarm payrolls fell by the largest amount in thirty-four years, the Labor Department reported Friday. Nonfarm payrolls plunged 598,000, after dropping 577,000 in December. Payroll employment has now declined a total of 3.6 million, representing [...]

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