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Thursday, November 20, 2008

Even more bad economic news: Jobless benefit claims hit 16 year high

This economic hole just keeps getting deeper and affecting more people:

The number of U.S. workers filing new claims for jobless benefits rose by a larger than expected 27,000 last week to their highest level in 16 years, Labor Department data showed on Thursday, as a harsh economic environment forces employers to cut back on hiring.
The last time these numbers were this high, George H.W. Bush was president. That Bush family and the GOP really do a number on working people.

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