WASHINGTON - The nation’s unemployment rate bolted to 7.2 percent in December, the highest level in 16 years, as nervous employers slashed 524,000 jobs. The labor market is expected to remain weak as mass layoffs continue.
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- U.S. faces worst layoff year since 1945 (ABC 13 Houston)
- U.S. faces worst layoff years since 1945 (ABC 13 Houston)