American Workers See New Lows at the Year's End

By David Madland | January 12, 2008

New employment numbers released this morning by the Bureau of Labor Statistics show the smallest increase in job growth since August 2003, over four years ago, and the highest unemployment rate in over two years. The increase in unemployment to 5.0 percent in December, paired with a meager 18,000 jobs added to the economy, make 2007 the weakest year for job growth in the past 4 years. The monthly employment figures are the latest sign of a weakening economy, and mark the end of a year of relatively gloomy news for workers.

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This article was originally published in Twin Cities Daily Planet.