The natioanl unemployment rate rose again to 6.5%, the highest in 14 years.  All in all, over 1.2 million jobs were shaved from the US economy in 2008.  Over 240,000 jobs were lost in October alone.  Compaines such as General Motors, Ford and General Electric continue to cut jobs.   The stockmarket has also lost over 900 points in the 2 days since the election.  This is the largest 2-day decline ever.

Tags: rate, stock, unemployment

This entry was posted on Friday, November 7th, 2008 at 3:03 pm and is filed under Business and Finance. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

One Response to “National unemployment rates continue to rise”

1. admin Says:
   December 25th, 2008 at 3:17 pm

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