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Unemployment Reaches 12.5 Million

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.

March 6, 2009

1 Min Read
Unemployment Reaches 12.5 Million

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

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