Job loss statistics released in the US yesterday reflect a serious downturn in the economy.
In November of 2008, approximately 533,000 jobs were cut in the United States. This comes on top of very high numbers for September, 320,000 jobs, and October, 403,000 jobs, and raises the US Unemployment Rate to 6.7%, up from 4.7% at the same time in 2007.
There has not been a one month drop in job numbers this big since 1974.
Since this recession began in December of 2007, 1.9 million jobs have been lost and there are 2.7 more unemployed Americans.
Meanwhile, use of Food Stamps and the demand at food banks increase nationally.
President-Elect Obama has called for an economic stimulus package which will create 2.5 million jobs in the first two years of his Presidency. Let us all hope that he can accomplish this quickly upon his inauguration.