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Layoffs Push Jobless Rate To 8.1 Percent


NPRs business news starts with unemployment topping 8 percent.

The nations unemployment rate is now 8.1 percent. Thats the highest since 1983. In its latest monthly report, the Labor Department said employers cut about 650,000 jobs in February. The steady stream of job losses has turned into a deluge of nearly 4.5 million jobs lost since the recession began in December 2007. More than half were lost in the last four months.


So well be watching to see how U.S. markets respond to those numbers. Transcript provided by NPR, Copyright NPR.

NPR transcripts are created on a rush deadline by an NPR contractor. This text may not be in its final form and may be updated or revised in the future. Accuracy and availability may vary. The authoritative record of NPR’s programming is the audio record.