{"page":"\u003clink rel=\"stylesheet\" href=\"https://lessonplanet.com/assets/packs/css/resources-c03aa079.css\" /\u003e\n\u003clink rel=\"stylesheet\" href=\"https://lessonplanet.com/assets/packs/css/lp_boclips_stylesheets-517835be.css\" media=\"all\" /\u003e\n\u003cdiv data-title='The nation\u0026#39;s unemployment rate bolted to 8.1 percent in February, the highest since late 1983, as cost-cutting employers slashed 651,000 jobs. Both figures were worse than analysts expected.' data-url='/boclips/videos/5c54be90d8eafeecae13c958' data-video-url='/boclips/videos/5c54be90d8eafeecae13c958' id='bo_player_modal'\u003e\n\u003cdiv class='boclips-resource-page modal-dialog panel-container'\u003e\n\u003cdiv class='react-notifications-root'\u003e\u003c/div\u003e\n\u003cdiv class='rp-header'\u003e\n\u003cdiv class='rp-type'\u003e\n\u003ci aria-hidden='true' class='fai fa-regular fa-circle-play'\u003e\u003c/i\u003e\nVideo\n\u003c/div\u003e\n\u003ch1 class='rp-title' id='video-title'\u003e\nThe nation\u0026#39;s unemployment rate bolted to 8.1 percent in February, the highest since late 1983, as cost-cutting employers slashed 651,000 jobs. Both figures were worse than analysts expected.\n\u003c/h1\u003e\n\u003cdiv class='rp-actions'\u003e\n\u003cdiv class='mr-1'\u003e\n\u003ca class=\"btn btn-success\" data-posthog-event=\"Signup: LP Signup Activity\" data-posthog-location=\"body_link_boclips\" data-remote=\"true\" href=\"/subscription/new\"\u003e\u003cspan\u003e\u003cspan\u003eGet Free Access\u003c/span\u003e\u003cspan class=\"\"\u003e for 10 Days\u003c/span\u003e\u003cspan\u003e!\u003c/span\u003e\u003c/span\u003e\u003c/a\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003cdiv class='rp-body'\u003e\n\u003cdiv class='rp-info'\u003e\n\u003cdiv aria-label='Hide resource details' class='rp-hide-info' role='button' tabindex='0'\u003e\u0026times;\u003c/div\u003e\n\u003ci aria-label='Expand resource details' class='rp-expand-info fai fa-solid fa-up-right-and-down-left-from-center' role='button' tabindex='0'\u003e\u003c/i\u003e\n\u003ci aria-label='Compress resource details' class='rp-compress-info fai fa-solid fa-down-left-and-up-right-to-center' role='button' tabindex='0'\u003e\u003c/i\u003e\n\u003cdiv class='rp-rating'\u003e\n\u003cspan class='resource-pool'\u003e\n\u003cspan class='pool-label'\u003ePublisher:\u003c/span\u003e\n\u003cspan class='pool-name'\u003e\n\u003cspan class='text'\u003e\u003ca data-publisher-id=\"30356011\" href=\"/search?publisher_ids%5B%5D=30356011\"\u003eCurated Video\u003c/a\u003e\u003c/span\u003e\n\u003c/span\u003e\n\u003c/span\u003e\n\u003c/div\u003e\n\u003cdiv class='rp-description'\u003e\n\u003cspan class='short-description'\u003eHEADLINE: Jobless rate 8.1 percent, biggest bolt since '83CAPTION: The nation's unemployment rate bolted to 8.1 percent in February, the highest since late 1983, as cost-cutting employers slashed 651,000 jobs. Both figures were worse...\u003c/span\u003e\n\u003cspan class='full-description hide'\u003eHEADLINE: Jobless rate 8.1 percent, biggest bolt since '83\u003cbr/\u003eCAPTION: The nation's unemployment rate bolted to 8.1 percent in February, the highest since late 1983, as cost-cutting employers slashed 651,000 jobs. Both figures were worse than analysts expected. (March 6)\u003cbr/\u003e [Notes:ANCHOR VOICE]  \u003cbr/\u003eIt is another government report showing that the recession is plumbing new depths.\u003cbr/\u003eThe unemployment rate rose in February to 8.1 percent... the highest since 1983.\u003cbr/\u003eEmployers cut 651 thousand jobs. And the Labor Department says job losses were worse in December and January than initially thought.\u003cbr/\u003eEconomist Harry Holzer with Georgetown University says its just the latest suggestion that things aren't getting any better.\u003cbr/\u003e(HOLZER 14:11:20......we thought.\u003cbr/\u003eConsumers are scared, and companies, seeing reduced demand for their products are reacting. With more people being laid off, the workforce is being flooded with an increased number of candidates, vying for a shrinking number of jobs.\u003cbr/\u003e(LADDERS b-roll 13:44)\u003cbr/\u003eOperators of the employment web site, the ladders.com, they're seeing a boom in business -- with people signing up in the hope of landing a job.\u003cbr/\u003eThe site specializes in jobs paying 100,000 dollars a year and more.\u003cbr/\u003e13:39...every week we're seeing 40,70......the demand.\u003cbr/\u003e(GRAPHIC Marc Cenedella, founder and CEO, TheLadders.com)\u003cbr/\u003eAnd the desperation of job seekers can be seen in the fact the people are willing to trade down....just hoping to land any kind of work, ----- below the level of responsibility they enjoyed before being cut loose.\u003cbr/\u003e13:26:55 ...you will see.....job hunt.\u003cbr/\u003eAs for when the situation may improve, that's a bit of a guessing game.\u003cbr/\u003eGeorgetown's Holzer says over time, the economic stimulus package should begin to gain some traction.\u003cbr/\u003e14:12:23...very hard to predict.... well into 2011..\u003cbr/\u003eAnd so for millions of out of work Americans as well as those still fearful of losing their jobs, the painful wait for better times, drags on.\u003cbr/\u003eMark Hamrick, The Associated Press, Washington.\u003cbr/\u003e\u003c/span\u003e\n\u003c/div\u003e\n\u003cdiv class='action-container flex justify-between'\u003e\n\u003cbutton aria-expanded='false' aria-label='Read more description' class='rp-full-description' type='button'\u003e\n\u003ci class='fai fa-solid fa-align-left'\u003e\u003c/i\u003e\n\u003cspan id='read_more'\u003eRead More\u003c/span\u003e\n\u003c/button\u003e\n\u003cdiv class='rp-report'\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003cdiv aria-labelledby='resource-details-heading' class='rp-info-section'\u003e\n\u003ch2 class='title' id='resource-details-heading'\u003eResource Details\u003c/h2\u003e\n\u003cdiv class='rp-resource-details 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since late 1983, as cost-cutting employers slashed 651,000 jobs. Both figures were worse than analysts expected.\" href=\"/subscription/new\"\u003e\u003cimg class=\"resource-img img-thumbnail img-responsive z-10 lp-boclips-thumbnail w-full h-full lozad\" alt=\"The nation\u0026#39;s unemployment rate bolted to 8.1 percent in February, the highest since late 1983, as cost-cutting employers slashed 651,000 jobs. Both figures were worse than analysts expected.\" title=\"The nation\u0026#39;s unemployment rate bolted to 8.1 percent in February, the highest since late 1983, as cost-cutting employers slashed 651,000 jobs. Both figures were worse than analysts expected.\" onError=\"handleImageNotLoadedError(this)\" data-default-image=\"https://static.lp.lexp.cloud/images/attachment_defaults/resource/large/missing.png\" data-src=\"https://static.lp.lexp.cloud/images/attachment_defaults/resource/large/missing.png\" width=\"315\" height=\"220\" src=\"data:image/png;base64,R0lGODlhAQABAAD/ACwAAAAAAQABAAACADs\" /\u003e\n\u003cspan aria-hidden='true' class='flex justify-center items-center bg-white rounded-full w-16 h-16 absolute top-1/2 left-1/2 -mt-8 -ml-8 cursor-pointer z-0 border-2 border-primary drop-shadow-md lp-boclips-thumbnail-playBtn'\u003e\n\u003ci class='fa-solid fa-play text-primary text-3xl ml-1 drop-shadow-xl'\u003e\u003c/i\u003e\n\u003c/span\u003e\n\u003c/a\u003e\u003c/div\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n"}