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IPFS News Link • Economy - Economics USA

US job cuts, foreclosures mount

07/31/2009 • WSWS

This week brought new indications that any economic “recovery” in the US will not be shared by the working class. Telecommunications giant Verizon announced that it would eliminate 8,000 jobs by the end of the year, new data showed that the foreclosure crisis is continuing to mount, and weekly initial jobless benefit claims rose.

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Reported By Lola Flores

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