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US: Employers cut 533K jobs in Nov., most in 34 years

posted by Avatar skushno 636 days ago in USD, Employment made popular 636 days ago

Skittish employers slashed 533,000 jobs in November, the most in 34 years, catapulting the unemployment rate to 6.7 percent, dramatic proof the country is careening deeper into recession. The new figures, released by the Labor Department Friday, showed the crucial employment market deteriorating at an alarmingly rapid clip...
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