Our Shrinking Economy

The Meltdown

Updated Apr. 25, 2017 4:49PM EDT / Published Nov. 07, 2008 5:34AM EST

CNN Money has the stats on our shrinking economy, just in time for the holiday season. 1.2 million jobs have been lost so far in 2008, including 240,000 in October. It's the first time the economy has lost one million jobs in a year since 2001. The unemployment rate, now at 6.5 percent, is at its highest since March 1994. Losses are expected to continue through, at the very least, the first half of 2009. Happy shopping!

Read it at CNN Money

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Our Shrinking Economy