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  • Jobless Rate Jumps to 7.2 Percent in December

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  • Associated Press
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Jobless Rate Jumps to 7.2 Percent in December

The nation's unemployment rate bolted to 7.2 percent in December, the highest level in 16 years, as nervous employers slashed 524,000 jobs. The labor market is expected to remain weak as mass layoffs continue. (Jan. 9)

Associated Press | January 9, 2009Watch more videos from Associated Press

Tags:. .jobless. .layoffs. .unemployment. .bolted. .slashed











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