CBS Evening News - 2009-01-09

Name: CBS Evening News - 2009-01-09
Uploaded: 2025-07-26
Duration: 1253 s
Channel: malgent
Description: Read a transcript preview of “CBS Evening News - 2009-01-09” from malgent, uploaded on 2025-07-26.

Channel: malgent

Uploaded: 2025-07-26

Duration: PT1253S

Read a transcript preview of “CBS Evening News - 2009-01-09” from malgent, uploaded on 2025-07-26.

Transcript preview

Language: English (original, YouTube automatic captions)

[0:00] Tonight,

[0:03] a surge in unemployment as another half

[0:06] million American jobs disappear. I'm

[0:09] Katie Kurrick. Also tonight, Israel

[0:11] rejects a UN call for a ceasefire. The

[0:15] Israelis say they won't end the

[0:16] bombardment of Gaza

[0:19] until Hamas stops firing rockets across

[0:22] the border. The Illinois House impeaches

[0:25] the governor, who says he's not

[0:26] surprised. And

[0:28] >> at the end of the day, I will be uh

[0:30] properly uh exonerated.

[0:33] >> Plus, the so-called financial expert who

[0:35] lives here once told followers the Dow

[0:38] would hit 40,000.

[0:40] >> What do you have to say for yourself?

[0:46] >> This is the CBS Evening News with Katie

[0:49] Kurrick.

[0:52] >> And good evening everyone. The US

[0:54] economy is hemorrhaging jobs. The Labor

[0:56] Department reported today that the

[0:58] unemployment rate soared 4/10en of a

[1:00] point in December to 7.2%. That's the

[1:03] highest rate in 17 years. More than half

[1:06] a million jobs disappeared last month,

[1:08] bringing job losses for the year to more

[1:10] than 2.5 million. We haven't seen

[1:13] anything like this in decades. And as

[1:16] Anthony Mason reports, the economic pain

[1:18] goes even deeper than those numbers

[1:20] might suggest.

[1:22] >> 2.6 6 million jobs were cut from the

[1:25] economy last year. That's the greatest

[1:27] decline since 1945.

[1:30] If

[1:30] >> we measure how the economy is doing on

[1:33] the basis of employment, it's doing

[1:35] about as poorly as you can imagine.

[1:37] >> And as bad as the unemployment number

[1:39] is, it only tells part of the story. The

[1:41] so-called undermployment rate, which

[1:43] counts part-time workers and those

[1:46] who've given up looking for a job, rose

[1:48] to a record 13.5%.

[1:51] A