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IPFS News Link • Economy - Economics USA

U.S. Payrolls Decline by 533,000, Most Since 1974

12-05-08 • Bloomberg.com

Payrolls plunged by 533,000 last month, the biggest loss since December 1974, after shrinking a revised 320,000 the prior month, the Labor Department said today in Washington. November’s losses exceeded all 73 forecasts in a Bloomberg News survey.

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Reported By Jack Gregson

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U.S. Payrolls Decline by 533,000, Most Since 1974

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