Question: Is anyone still hiring? Paul Solman: The number is now in: 651,000 jobs shed in February. Also, from the Bloomberg story this morning: “The payroll drop in January was revised up to 655,000 from 598,000 and December now…

Feb 06

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Employers Slash 598,000 Jobs in January

U.S. employers shed 598,000 jobs in January, pushing the unemployment rate to 7.6 percent in the latest sign of how the nation's labor market is retracting under the weight of the recession.