U.S. employers cut 598,000 jobs in January, bringing the unemployment rate to 7.6 percent, in another sign of the deepening recession. It was the worst one-month job loss since 1974.
U.S. employers cut 533,000 jobs in November, the most in 34 years, sending unemployment up two-tenths of a point from October to 6.7 percent, the highest in 15 years, the Labor Department reported Friday.
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