U.S. employers cut 85,000 jobs in December, report shows

01/11/2010 | Washington Post, The

The rate at which the U.S. cuts jobs has slowed considerably in recent months, but net layoffs still reached 85,000 in December, the Labor Department said. Officially, the unemployment rate held at 10%, but experts said that number is probably misleading. Economists said many discouraged workers have given up searching for a job and are probably no longer counted in the statistics.

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