Job Losses Worst Since '74: 533,000 Shed in November

This is another interesting article I found regarding the curent recession.

This article emphasizes that the current job cuts especially November were sum up to 533,000 which isthe largest one0month drop since 1974. With this job cut, the current unemployment is determined as 6.7% which is a result of a constant increase from 2007.

It was really interesting to see two articles that are published recently that talks about different point of view regarding the recession. When looking at this article alone, the huge number of job cuts and the emphasis as comared to 1974 seems may bring worries, however when comparing to the situation during Great Depression, the current recession may not seem so serious.