NEW YORK (CNNMoney.com) — Employers made their deepest cut in staffing in almost five years in February, the Labor Department reported Friday.
There was a net loss of 63,000 jobs, which is the biggest decline since March 2003 and weaker than the revised 22,000 jobs lost in January. Economists had forecast a gain of 25,000 jobs.
» Job losses: Worst in 5 years – CNNMoney, 7th March 2008