Monday, December 1, 2008

Recession is in session

It's official, folks: We've got a recession on our hands.

The National Bureau of Economic Research said Monday that the U.S. has been in a recession since December 2007.

Employers have trimmed payrolls by 1.2 million jobs in the first 10 months of this year. On Friday, economists are predicting the government will report a loss of another 325,000 jobs for November. Well that's uplifting...

Click here to read more from CNNMoney.com.

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