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Archive Home > 2009 > January > 10 > ‘Real suffering, real fears’

‘Real suffering, real fears’

The nation’s unemployment rate jumps to a 16-year high

By Louis Uchitelle / The Bulletin
January 10, 2009

The nation lost 524,000 jobs in December, reflecting a pervasive fear among employers that if they fail to shed workers quickly, their companies might go under in a recession poised to become the worst since the 1930s.

The unemployment rate, meanwhile, jumped to a 16-year high of 7.2 percent,....

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