US Economy Officially Grinds to Screeching Halt-Stagflation
February 28th, 2008 . by adminAs if the newly confirmed fourth-quarter GDP figure of 0.6 percent wasn’t chilling enough, the Labor Department reported Thursday that new applications for unemployment insurance benefits rose by 19,000 to 373,000 last week, more evidence that the general economic sluggishness is spilling over into the job market.
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