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IPFS News Link • Economy - Economics USA

Jobs Contract 16th Straight Month; Unemployment Rate Soars to 8.9%

05-08-2009 • Michael Shedlock / Mish

I consider these job losses to be depression level totals. Admittedly conditions are not as bad as the great depression, but this is certainly no ordinary recession by any economic measure...

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Reported By Jack Gregson

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Jobs Contract 16th Straight Month; Unemployment Rate Soars to 8.9%

FreedomsPhoenix.com