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IPFS News Link • Employee and Employer Relations

Unemployment hits 25 year high of 8.9%

05-08-2009 • CNBC

“This is a truly awful report that will likely be taken as a good report because the job losses have slowed,” Joel Naroff of Naroff Economic Advisors, wrote in a note to clients. [In reality this is close to 1 in 5 unemployed.]

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Reported By Powell Gammill

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1 Comments in Response to Unemployment hits 25 year high of 8.9%

Comment by Powell Gammill

Entered on: 5/8/2009 12:24:21 PM

Job losses slowed due to federal government hiring artificially cooking the books.

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Unemployment hits 25 year high of 8.9%

1 Comments in Response to Unemployment hits 25 year high of 8.9%

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