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Employers slashed 240,000 jobs in October
markmayhew | November 7, 2008 at 06:10 amby
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The nation’s unemployment rate bolted to a 14-year high of 6.5 percent in October as another 240,000 jobs were cut, the government said Friday.
This article is newsworthy because it provides further proof (if any more was needed) that the economy is in a recession.