Archive for May 9th, 2008
Layoffs Continue Fueling Foreclosure Crisis
Large Unemployment Spike Reported by U.S. Labor Department
Planned layoffs by U.S. companies rose 68 percent between March and April, signaling continued labor market deterioration. The recent layoffs approach the total cuts announced in September, 2006.
Unemployment benefits claims increased by 35,000 the last week of April. The increase was more than the 18,000 that private economists [...]
Posted: May 9th, 2008 under Foreclosure.
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