Umemployment Jumps - Job Losses Increase

The government confirms that many more people were joining the nation's unemployment lines recently. The pace of job loss accelerating giving the economic situation an increasingly ominous tone. Nearly 600,000 jobs were lost in January 2009, the unemployment rate rising to 7.6%, the highest since 1992. While the numbers are worst than expected, they follow the relentless series of layoff announcements.