US employers axed 533,000 jobs in November, the biggest monthly cut since 1974, the US Labor Department said.
In a dramatic indication of the worsening economic situation, the US jobless rate rose to a 15-year high of 6.7% from 6.5% in October.
http://news.bbc.co.uk/2/hi/business/7767326.stm
In a dramatic indication of the worsening economic situation, the US jobless rate rose to a 15-year high of 6.7% from 6.5% in October.
http://news.bbc.co.uk/2/hi/business/7767326.stm