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Page last updated at 08:32 GMT, Friday, 9 January 2009

'Over 500,000' jobs go in the US


More than 500,000 jobs in the US were lost in December, figures are likely to show. This follows US President-elect Barack Obama's call for "drastic action" to prevent the US economic situation worsening. Correspondent Kevin Connolly and Professor Joseph Stiglitz, former chief economist at the World Bank, discuss why the US is now losing jobs at the fastest rate since the demobilisation that followed World War II.

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