Unemployment Climbs Faster than Expected

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Some 533,000 Americans lost their jobs in November, the worst monthly record since 1974. The unemployment rate has risen to 6.7%. That is "truly alarming," according to Jared Bernstein at the Economic Policy Institute, also an informal advisor to the Obama transition team.

Credits

Guest:
Jared Bernstein - Center on Budget and Policy Priorities - @econjared

Host:
Warren Olney

Producers:
Christian Bordal, Sonya Geis, Katie Cooper