911 tragedy

Already reeling from job cuts in the telecom, dot com and software industries, the U.S. economy posted a staggering 248,332 layoffs in the weeks following the 911 tragedy. There were nearly two million job layoffs in the U.S. in 2001, the highest ever recorded for one year. The U.S. economy has been recording annual layoffs of over one million since 2000.
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