Employers slashed payrolls by 598,000


WASHINGTON – President Barack Obama says the latest jobless numbers demand action and it’s “inexcusable and irresponsible” for Congress to delay on his economic recovery package. In prepared remarks for a White House appearance, the president pointed to the unemployment report for January. Employers slashed payrolls by 598,000, the most since the end of 1974, catapulting the unemployment rate to 7.6 percent.

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