Jobless rate 7.6 pct; 598K job cuts most since '74 WASHINGTON - Recession-battered employers eliminated 598,000 jobs in January, the most since the end of 1974, and catapulted the unemployment rate to 7.6 percent. The grim figures were further proof that the nation's job climate is deteriorating at an alarming clip with no end in sight. Conn. man's last lotto ticket wins $10M for widow DANBURY, Conn. - On the day that Donald Peters died, he unknowingly provided financial security for his wife of 59 years and their family. New filings for jobless benefits drop below 500K WASHINGTON - The number of newly laid off workers signing up for unemployment benefits fell sharply last week but those continuing to draw aid climbed to the highest level since 1982.
CBS cancels another daytime drama NEW YORK - Procter & Gamble, the company responsible for the phrase "soap operas," is out of the daytime drama business after 76 years now that CBS is making "As the World Turns" stop spinning.