November Job Losses Could Be Worst in 28 Years

BW's Peter Coy: The U.S. economy is bleeding jobs faster than it has since the early 1980s, and perhaps since the mid-'70s. Economic forecasters are now projecting that on Dec. 5, the government will announce the loss of more than 300,000 jobs in November—possibly more than 400,000. December is shaping up to be a bad month as well....