U.S. Lost 3.6 Million Jobs Within One Year

Bleak news continues across the job market, underscored by government reports and responses. Acting U.S. Secretary of Labor Edward C. Hugler issued the following statement on the January 2009 Employment Situation report:

"The Employment Situation report released by the Bureau of Labor Statistics today underscores the seriousness of the economic situation. As these numbers show, the labor market continues to contract across American industries. The unemployment rate rose to 7.6 percent or 11.6 million unemployed workers. January's decline in payroll employment reached 598,000, bringing total job loss to 3.6 million since the recession began in December 2007."