Payrolls plunge by stunning 533,000 in November

Payrolls plunge by stunning 533,000 in November

Washington (MarketWatch) – U.S. nonfarm payrolls plunged by an astonishing 533,000 in November, the worst job loss in 34 years, the Labor Department reported Friday.
It’s only the fourth time in the past 58 years that payrolls have fallen by more than 500,000 in a month. Since the recession began 11 months ago, a total of 1.9 million jobs have been lost.
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