WASHINGTON, DC— Today’s report shows a loss of 524,000 jobs – it’s now a full year of consecutive monthly job losses. The national unemployment rate rose to 7.2% and the number of unemployed Americans rose to 11.1 million.
“Today’s depressing news highlights the magnitude of the challenge we face in revitalizing our economy. The nation’s strength has always come from its workforce, and we need to take major steps now to get our citizens back to work. With President-elect Obama, we’ll certainly do all we can to create millions of needed jobs and set a strong new course for our economy and our country.”