To the Point
Unemployment Climbs Faster than Expected
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.
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.
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