December saw a staggering 524,000 jobs shredded as the recession picks up pace in the US. December’s decline brings the year’s total loses to 2.6 million, the worst year since 1945 when World War II ended.
The US unemployment rate now stands at 7.2%, the highest rate since 1993.
» Worst year for jobs since ’45 – CNN Money – 9th January 2009.