US sees biggest drop in jobs since 1974

http://www.EmploymentCrossing.com <br /><br />November saw the biggest loss in jobs in a generation with the nation's employers cutting 533,000 jobs, the Bureau of Labor and Statistics has reported. <br />The US unemployment rate rose to 6.7 percent with 420,000 leaving the labor force in November who were previously working or seeking work in October. <br />Losses were widespread, affecting construction companies, financial firms, factories, retailers, and other industries.