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  • Unemployment hits 15 year high

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Unemployment hits 15 year high

With 6 weeks to go until inauguration day, President-elect Barack Obama says he hopes to preserve or create 2.5 million jobs but there are "no easy fixes" to the crisis. Economists expect layoffs to continue and the rate of unemployment to rise past 8 percent by the middle of next year. Manoush Zomorodi reports.

Reuters | December 5, 2008Watch more videos from Reuters

Tags:. .layoffs. .inauguration. .unemployment. .presidentelect. .preserve











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