February 2009 unemployment rate jumps to 8.1 percent
Unemployment numbers just came out and they tell a dismal story. The jobless rate jumped to 8.1 percent in February 2009. That’s the highest level in more than 25 years. American payrolls shrunk by 651,000 workers.
Newsweek senior editor Daniel Gross, author of the new book Dumb Money: How Our Greatest Financial Minds Bankrupted the Nation, parses the numbers.
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