Unemployment Hits 8.1%

March 7th, 2009

Being part of that 8.1% I have to say, at this point, it’s all relative, isn’t it?

The U.S. unemployment rate hit a 25-year high of 8.1 percent in February as employers buckling under the strain of a recession that shows no sign of ending axed 651,000 jobs, government data showed on Friday.

Adding to the gloom, a combined 161,000 more jobs were lost in January and December than previously believed. February’s decline in non-farm payrolls was close to economists’ forecast for a 648,000 drop.

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