WASHINGTON - US EMPLOYERS axed payrolls by a shocking 533,000 in November for the weakest performance in 34 years, government data on Friday showed, as the recession inflicted a mounting toll on the US labour market.
The Labour Department said the unemployment rate rose to 6.7 per cent last month in the highest reading since 1993, compared with 6.5 per cent in October, after widespread losses across the country's major industry sectors.