Unemployment in the U.S. reached a record in 15 years.

Employers have reduced the U.S. in November 533 thousand jobs, which was the maximum since 1974, Bloomberg reported, citing the Ministry of Labor data on the country. The unemployment rate while reaching 6.7 per cent - the largest level since 1993.
A parallel assessment was increased job losses in the previous two months at 200 thousand. Thus, for 11 months of 2008, the U.S. economy has lost 1.91 million seats.
Net layoffs in November, according to the industry amounted to 85 thousand, while the services sector of almost 90 per cent of the U.S. economy, has lost 370 thousand jobs.
These figures are significantly higher than even the gloomy forecasts of analysts who evaluate the reduction of labor market in November by the amount of 220 to 470 thousand jobs.
Previously, November 5, were announced similar figures for Canada. Canadian employers have laid off 70,600 people in November and the unemployment rate rose by 0.1 percentage point to 6.3 percent, a maximum of two years.
Rising unemployment was a consequence of the global economic crisis, the epicenter of which occurred in North America. Indices of industrial production and service sectors in October and November in the U.S. fell to a minimum for several decades. The new administration is already working on a plan to counter massive unemployment, which reduces the purchasing power of the population and further worsen the situation in the country's economy.
The White House has responded to very negative results with the labor market. According to Press Secretary Dana Perino USA (Dana Perino), to reduce unemployment must "focus on the causes of economic decline and improve the industry of housing and credit markets."