Job-killing recession racks up more layoff victims (AP)

Monty McCleskes fills out an application form at a job fair organized by The News-Press newspaper in Estero, Florida January 14, 2009. The US unemployment rate surged to the highest in nearly 16 years last month as a deepening year-long recession forced companies to axe more than half a million jobs, government data showed last Friday. The US economy lost an astonishing 1.9 million jobs in the past four months alone, an acceleration in layoffs toward the end of a year that brought the biggest drop in employment in more than a half century.   REUTERS/Carlos Barria  (UNITED STATES)AP – The recession is killing jobs at an alarming pace, with tens of thousands of new layoffs announced Monday by some of the biggest names in American business — Pfizer, Caterpillar and Home Depot.

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