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.
At The World, we believe strongly that human-centered journalism is at the heart of an informed public and a strong democracy. We see democracy and journalism as two sides of the same coin. If you care about one, it is imperative to care about the other.
Every day, our nonprofit newsroom seeks to inform and empower listeners and hold the powerful accountable. Neither would be possible without the support of listeners like you. If you believe in our work, will you give today? We need your help now more than ever! Every gift will be matched 2:1, so your impact will go even further.