Unemployment rose to 7.2 percent in December, the highest since 1993, according to a new report from the Labor Department. Employers cut 524,000 jobs, and some economy-watchers fear more cuts are still to come. Ray Suarez reports.

Question/Comment: Having grown up around workers and plant managers in western New York, and knowing the vibrant history there, one factor stands out as fundamental to our current economic problems today: the massive loss of production jobs…