Unemployment Rate Is Higher Than Expected

The AP reported this morning that The government says employers slashed payrolls by 598,000 in January, the most since the end of 1974, catapulting the unemployment rate to 7.6 percent. The Labor Department’s report is grim proof the nation’s job climate is deteriorating at an alarming clip with no end in sight.

http://finance.yahoo.com/news/Employers-slash-598K-jobs-in-apf-14276946.html