A USDOL report out today showed the economy lost 524,000 jobs in December, bringing 2008's total job loss to just below 2.6 million.
Last year's steep drop in employment marked the highest yearly job-loss total since 1945, the year in which World War II ended.
Not surprisingly, unemployment is up to 7.2% from November's 6.7%. The greatest number of job losses came in the final four months of the year and they've been spread across a wide variety of industries.
This thing looks deep and wide.
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