Other data show that the construction of new homes has fallen to a record low.
The number of people filing for unemployment benefits is the highest since September 2001.
Ailing companies could lay off 3 million more Americans.
An extension of unemployment benefits may have unintended consequences for the unemployment rate.
In October, 240,000 jobs were lost.
Nobel Prize winner says "worst recession in 25 years" is a sure thing.
Grim unemployment numbers draw a clear road map for the incoming president.
Labor Department report shows bigger job cuts than economists had expected.
A look at what economists are expecting to see in Friday's Labor Department report.
Economists expect Friday’s employment report will be ugly.