Some 533,000 Americans lost their jobs in November, the worst monthly record since 1974. The unemployment rate has risen to 6.7%. That is "truly alarming," according to Jared Bernstein at the Economic Policy Institute, also an informal advisor to the Obama transition team.
Unemployment Climbs Faster than Expected
Credits
Guest:
- Jared Bernstein - Center on Budget and Policy Priorities - @econjared