This morning the Department of Labor is expected to announce that in December alone, employers shed more than 500,000 workers.
The losses are likely to make 2008 the worst year for layoffs since 1945 when 2.75 million jobs were lost.
Jobless rate jumps to 7.2 percent
Unemployment
December 2000 - 4.0%
December 2008 - 7.2%
