As consumers continue to limit their spending, increase their savings rate, and decrease their credit balances to protect themselves from the unknowns in the economy, businesses across nearly all industry sectors continue to cut jobs.The government reported today that the U.S. economy lost another 598,000 jobs in January, the biggest monthly decline since December 1974.The overwhelming number of lost jobs brings the national employment rate to 7.6%, up from December's 7.2%. Analysts had predicted a rate...
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