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U.S. Unemployment Rate Jumps to 8.1 Percent

Washington Post - Mar 6, 2009

The nation's unemployment rate topped 8 percent last month and the economy shed 651,000 jobs, according to government data released this morning, further evidence of the deepening recession that has devastated the stock market and home prices and triggered the largest government recovery effort since the Great Depression.

The Bureau of Labor Statistics said the jobless rate rose from 7.6 percent in January to 8.1 percent in February, the highest rate in more than 25 years. An estimated 12.5 million Americans were unemployed in February, the data show, an increase of 851,000 since January.

Read Full Article from Washington Post

- Posted: 2009-03-06 08:36:12


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