Businesses cut 85,000 non-farm jobs last month as unemployment stayed at 10%, the Department of Labor reported today.
There were 15.3 million people unemployed in December.
The department said the unemployment rate would have been even higher if it had included the 2.5 million people it describes as "marginally attached" to the labor force, a 578,000 increase from December 2008. These are individuals who wanted to work and were available and had searched for a job within the last year, but not within the past four weeks.
Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.
Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
- Exclusive discounts on ALM and CU Times events.
- Access to other award-winning ALM websites including Law.com and GlobeSt.com.
Already have an account? Sign In
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
