Employment Report on Friday May Be Biggest Monthly Job Loss in 60 Years
March 03, 2009 at 09:51 AM EST
When the Labor Department releases February’s U.S. employment numbers on Friday, economists are expecting to see the largest one-month job loss in nearly 60 years. With consumer spending in a freefall and factory output continuing to plunge, U.S. companies are idling plants, slashing extra workers and cutting back on the hours…