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Keith Hall, the Commissioner of the Bureau of Labor Statistics, issued a statement on the current employment situation. The total number of job losses in 2008 was 2.6 million and the rate of unemployment increased from 6.8 % to 7.2 %. He states that it is “the highest rate since January 1993.” Although employment declined in several major industrial sectors, it increased in healthcare. In the last year, 372,000 jobs were added in the healthcare sector.
Details of the depressing employment situation are readily available for access.