updated 8:56 a.m. EST, Fri November 7, 2008
BREAKING NEWS
Job losses mount

Job losses mount

The government reported more grim news about the economy today, saying employers cut 240,000 jobs in October -- bringing the year's total job losses to 1.2 million, CNNMoney reports. According to the Labor Department, the unemployment rate rose to 6.5 percent from 6.1 percent in September. It was the highest unemployment rate since March 1994. developing story
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