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January A Cold Month For Employees, Job Seekers

The Labor Department reported grim economic news on Friday. Employers eliminated 598,000 jobs in January — the most since 1974. Cost-cutting employers are in no mood to hire. The unemployment rates stands at 7.6 percent.

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Frank Langfitt is NPR's London correspondent. He covers the UK and Ireland, as well as stories elsewhere in Europe.
As NPR's senior national correspondent, Linda Wertheimer travels the country and the globe for NPR News, bringing her unique insights and wealth of experience to bear on the day's top news stories.