Jobless rate hits 8.1 percent, highest in more than 25 years
Updated 11:48 a.m. Fri., March 6 - U.S. employers cut 651,000 jobs in February, marking the first time that job losses have topped 600,000 for three straight months since the Labor Department started keeping records in 1939. The worsening unemployment is expected to contribute to a deepening recession, as consumers cut spending and more Americans are forced into bankruptcy. | Bloomberg
Piecemeal layoffs avoid warnings laws, fly under radar. | New York Times
After early rally, stocks slide, then recover to register small gain. | Wall Street Journal
