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
10 big dot-com flops Remember Pets.com? The Nasdaq is roaring back towards its all-time high. Here are some of the biggest dot-com busts from the last time the Nasdaq topped 5,000. More
The hottest gadgets at Mobile World Congress 2015 Take a look at the devices creating a stir at the world's biggest mobile tech show. More
Star Trek technology that we use today With the death of Leonard Nimoy, the actor who played Star Trek's Spock, we remember his character's legacy: The technology we use every day. More

Special Offer