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Dec. 5, 2008: The U.S. Department of Labor reports employers slashed 533,000 jobs the month before—the most in 34 years—as the Great Recession surged. The unemployment rolls had risen for seven months before that and were to continue to soar for another 10 months before topping 10 percent and beginning to level off late the following year.

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Don't Get Fooled by Fiscal Cliff Talk
Posted On: Nov 14, 2012

Nov. 14, 2012 | Welcome, back Congress! Now that the election is over, there are just a few things to take care of during the few weeks you're in session between now and the end of the year – little details like the future of tax rates and unemployment benefits. You might hear the phrase "fiscal cliff" thrown around a lot to describe the set of policy choices we're coming up against. A set of large policy changes are all set to kick in starting in 2013 unless Congress alters them. If all these changes go through exactly as current law says they will, it will represent a pretty strong shock of austerity to the economy. Continue reading…


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Updated: Dec. 05 (16:43)

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