Jobless rate at 16-year high as payrolls plunge
(Reuters)
<p><img src="http://d.yimg.com/us.yimg.com/p/nm/20090110/2009_01_09t084211_450x350_us_usa_economy.jpg?x=130&y=101&q=85&sig=UVLZ_Nlp5SB2SYnpTPh99A--" align="left" height="101" width="130" alt="Employers slashed payrolls by 524,000 in December, driving the unemployment rate to its highest level in almost 16 years, a government report showed on Friday, suggesting that the year-long recession was deepening. (Graphic/Reuters)" border="0" /> (http://us.rd.yahoo.com/dailynews/rss/business/*http://news.yahoo.com/s/nm/20090109/bs_nm/us_usa_economy)Reuters - The unemployment rate surged to the highest in nearly 16 years last month as a deepening year-long recession forced companies to axe more than half a million jobs, government data showed on Friday.</p><br clear="all"/>
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