[cnn-photo-caption image=http://i2.cdn.turner.com/cnn/2008/images/10/30/art.foreclosure.sign.jpg]Program Note: Be sure to tune in to watch Ali’s full report on the latest news on unemployment, the auto bailout, and the housing market tonight on AC360 at 10pm ET.
Ali Velshi | Bio
CNN Chief Business Correspondent
November Employment Report
Jobs losses have accelerated dramatically
National Unemployment Rate
Increased from 6.5% to 6.7%
BUT, nearly 500,000 people LEFT the workforce (i.e. are not counted) because
Delinquencies and Foreclosures
That means almost 10% of all mortgages are being affected. This recession was triggered by the housing bubble, but the job losses mean that an increasing number of people – MANY OF WHOM ARE NOT SUB-PRIME – stand to lose their homes.
Anderson Cooper goes beyond the headlines to tell stories from many points of view, so you can make up your own mind about the news. Tune in weeknights at 8 and 10 ET on CNN.
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