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 | You have nothing to lose but your jobs: The number of Americans filing first- time claims for jobless benefits unexpectedly jumped last week to a 26-year high, signaling a deepening deterioration in the labor market. Initial jobless claims increased by 35,000 to 626,000 in the week ended Jan. 31, the highest level since October 1982, the Labor Department said [...] I’m hoping it’s Obama – but he’s already given away the store in the form of tax cuts and striking family planning and the National Mall renewal from the bill. Maybe he just wanted to give the Republicans enough rope to hang themselves. I certainly hope so, because even if this stimulus bill works perfectly and creates/saves 4 million jobs, it won’t get [...] The nation’s unemployment rate zoomed to a five-year high of 6.1 percent in August as employers slashed 84,000 jobs, dramatic proof of the mounting damage a deeply troubled economy is inflicting on workers and businesses alike. The Labor Department’s report, released Friday, showed the increasing toll the housing, credit and financial crises are taking on the economy. …The Dow Jones industrial average was [...] |      | ||||
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