The Labor Dept. reports that U.S. employers cut 467,000 jobs over the prior month, driving the nation’s unemployment rate up to a 26-year high of 9.5 percent - 2009
June 1, 2009
General Motors filed for Chapter 11 Bankruptcy. The filing made the automaker the largest U.S. industrial company to enter bankruptcy protection. It went on to recover thanks to massive help from the federal government - 2009
March 6, 2009
The U.S. Dept. of Labor reports that the nation’s unemployment rate soared to 8.1 percent in February, the highest since late 1983, as cost-cutting employers slashed 651,000 jobs amid a deepening recession - 2009
