Economic Crisis: Lay Offs Highest Since '01

01/18/2009 05:12 am ET | Updated May 25, 2011
  • Monée Fields-White Crain's Chicago Business

Illinois companies cut their payrolls in November by the greatest number of jobs in about seven years, while unemployment stayed at a 15-year high, government figures show.

Employers in the state cut 23,000 jobs last month, the most since October 2001, according to figures from the U.S. Bureau of Labor Statistics and Illinois Department of Employment Security. Illinois' unemployment rate held at 7.3% last month, the highest since November 1993 and up from 5.3% the same month a year ago.

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