Jan 9, 2009

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U.S. Unemployment: 7.2%

According to Labor Department unemployment numbers released this morning, 524,000 workers lost their jobs last month.  That puts the national unemployment rate at 7.2%, the highest its been in 15 years.  

While the December numbers were down from November, most analysts believe that the unemployment rate will continue to rise at least through the first half of 2009.

We will update this post with a summary of 2008 labor figures shortly.