job losses

As bad as job losses were during the recession, we're about to find out that things were even worse.

Fed chairman Ben Bernanke said that private sector demand will be "sufficient" to spur a moderate economic recovery in coming months, but he added that more time is needed to recover job losses.

The White House released its annual Economic Report, and it expects the economy to create an average of 95,000 jobs a month this year.

That's a turnaround from the job losses that have been piling up since the recession began. John Dimsdale reports.

The U.S. economy lost 20,000 jobs in January, but the unemployment rate fell to 9.7%, according to a government report released Friday.

America's smallest businesses shed another 12,000 workers last month, extending a two-year streak in which job losses have mounted every month, according to a report released Wednesday by payroll processor ADP.

Economists are optimistic that the recovery will continue in 2010, as the pace of job losses slows and hiring picks up, according to a survey released Monday.

The recession has accelerated job losses that were coming anyway. Particularly in construction and finance, many jobs have been permanently erased.

In some welcome news on the job front, the pace of U.S. job losses eased in December, according to two reports released Wednesday.

Pretty much any way you look at it, we're in the worst job market this country has seen in 26 years. The unemployment rate hit 10.2% in October, and silver linings are hard to find.

Steve Henn reports.

The nation's employment picture continued to deteriorate in October, although the rate of decline continued to slow, according to two reports issued Wednesday.