Job losses accelerate

January job losses are pegged at 598,000, according to the monthly Labor Department report -- considerably above expectations. The construction sector slashed 111,000 jobs for the month. Meanwhile, the December estimate of job losses was revised to 577,000 from 524,000. The national unemployment rate is now at 7.6%, up from 7.2% in December.

View Full Article in:

New York Times (tiered subscription model), The · Google

Published in Brief: