Our Terms of Service and Privacy Policy have changed.

By continuing to use this site, you are agreeing to the new Privacy Policy and Terms of Service.

3 of 5
BACKNEXT
Jobs: Labor pains
Jobs: Labor pains
The economy has shed jobs in every month so far in 2008, bringing the total loss through November to 1.9 million.

The loss of jobs in November was particulary harsh, with a decline of 533,000. With the economy in recession, there is likely more bad news to come. And the unemployment rate, currently at 6.7%, could easily top 7%, if not higher.

President-elect Barack Obama has proposed a plan to create 2.5 million jobs through spending on roads, bridges and other infrastructure projects.

Even so, businesses are likely to remain cautious when it comes to hiring in the coming months.

NEXT: Prices: The new deflation scare
Last updated December 08 2008: 12:48 PM ET
More Galleries
15 top-paid CEOs The 15 highest-paid corporate chiefs in America took home nearly $700 million last year -- about $47 million apiece on average. Expedia's Dara Khosrowshahi tops the list -- with $95 million in total pay. David Zaslav, who was no. 1 last year moves down to no. 15 this year. More
Driving Bentley's new SUV Spending an afternoon in Bentley's luxurious new $230,000 SUV. More
Best cars for the super-rich The Robb Report has selected these as the best new cars and SUVs for anyone who doesn't have to worry about how much they spend. More

Special Offer