The Labor Department reports 1.2 million jobs lost so far in 2008, 240,000 in October alone.
From CNN:
According to the Labor Department's monthly jobs report, the unemployment rate rose to 6.5% from 6.1% in September and higher than economists' forecast of 6.3%. It was the highest unemployment rate since March 1994.
"There is so much bad in this report that it is hard to find any silver lining," said Morgan Keegan analyst Kevin Giddis.Come on 2008, let's see if we can beat out 1994 by the end of the year.
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