U.S. Unemployment: 7.2%

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According to Labor Department unemployment numbers released this morning, 524,000 workers lost their jobs last month.  That puts the national unemployment rate at 7.2%, the highest its been in 15 years.  

While the December numbers were down from November, most analysts believe that the unemployment rate will continue to rise at least through the first half of 2009.

We will update this post with a summary of 2008 labor figures shortly.

About the Author

Tim Eavenson

Tim is Current Employment's founding blogger, and a labor & employment attorney in Chicago, Illinois. Tim is interested in the future of working in America - how the changing workforce is affecting national employment and civil rights policy, HR best practices, and the work of labor and employment lawyers.

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