The number of Americans without jobs hit an all-time high in February, reaching 12.5 million, the highest unemployment rate in 25 years.
Employers slashed 651,000 jobs in February, down from a revised loss of 655,000 jobs in January. December's loss was also revised higher to a loss of 681,000 jobs, a 59-year high for losses in one month, according to a government report.
The job losses were widespread, stemming from manufacturing and construction companies, as well as business and professional services firms all losing more than 100,000 workers.
Source: CNN.com, Unemployment Hits 25-Year High