Unemployment Hits 8.1%

Submitted without comment.

From CNBC:

U.S. employers axed 651,000 jobs in February, pushing the unemployment rate to its highest in 25 years, as companies buckled under the strain of a recession that is showing no signs of ending, according to a government report.

“Since the recession began, the rise in unemployment has been concentrated among people who lost jobs, as opposed to job leavers or people joining the labor force,” said Bureau of Labor Statistics Commissioner Keith Hall

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