Mass layoffs across almost every line of business catapulted the nation's unemployment rate to 7.6 percent in January and lent more urgency to Washington's attempt to quickly hammer out an economic stimulus package.

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Friday's data from the Labor Department was a laundry list of misery milestones: The most jobs lost in one month since 1974, the highest unemployment rate since 1992, the largest one-month drop in factory jobs since 1982 and the most jobs lost in 12 months since the goverment began keeping records in 1939.
The report showed the terrible toll the drawn-out recession is having on workers and companies. It also puts even more pressure on President Barack Obama to revive the economy.