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Unemployment Claims Rocket to 26-Year High

Posted on | December 24, 2008 | No Comments

Sad bit of content on the day before Christmas and 3 days into Hanukkah.  The number of new unemployment claims has hit a 26-year high of 586,000 (seasonally adjusted).  That’s the highest since 1982.  Unfortunately, that signals more bad news to come–more lost jobs, longer periods of unemployment, lower consumer spending.

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