Jobless Claims Pushed to Seven-Year High

The Associated Press: "New claims for unemployment benefits jumped last week to their highest level in seven years due to the impact of a slowing economy and Hurricanes Ike and Gustav, the Labor Department reported last Thursday."

http://www.truthout.org/092908E

--------

US Economy Lost 159,000 Jobs in September

Dean Baker, The Center for Economic and Policy Research: "The economy lost jobs for the ninth consecutive month in September, with the pace accelerating to 159,000 jobs. This was the largest one-month fall since March of 2003 when the economy lost 212,000 jobs. The unemployment rate held steady at 6.1 percent, even though the employment population ratio (EPOP) inched down to 62.0 percent. These data, together with other recent reports, leave little doubt that the economy is in a recession."

http://www.truthout.org/100308B



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