524,000 Jobs were lost in December 2008: Obama

"524,000 jobs were lost in December across nearly all major American Industries. That means that our economy lost jobs in all twelve months of 2008, and that nearly 2.6 million jobs, lost last year, amount to the single worst year of job loss since World War II. The unemployment rate is now well over seven percent. In addition, we have nearly 3.4 million people who want full time work, but are only able to get part time work." -- Barack Obama