Record US unemployment

US employers slashed 533000 jobs last month, the most in 34 years, catapulting the unemployment rate to 6,7 percent, dramatic proof the country is careening deeper into recession. The figures, released by the Labour Department on Friday, showed the crucial employment market deteriorating at a rapid rate, and handed Americans more grim news before the holidays. - AFP

US employers slashed 533000 jobs last month, the most in 34 years, catapulting the unemployment rate to 6,7 percent, dramatic proof the country is careening deeper into recession. The figures, released by the Labour Department on Friday, showed the crucial employment market deteriorating at a rapid rate, and handed Americans more grim news before the holidays. - AFP

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