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This morning it was announced that unemployment has finally decided to go in the direction we’re all hoping for, as it dropped from 10.2% at the end of October to 10% at the end of November. There were fewer jobs lost in November, which helped contribute to the figure. It’s the best report in more [...]
One day after the announced new unemployment rate finally cracked 10%, ending up at 10.2%, Congress did the right thing, in the right manner, by passing an extension of unemployment benefits for at least an extra 14 weeks for everyone, and in states hit the hardest up to 20 weeks. The Senate actually passed this [...]
Microsoft announced that it was cutting 800 more jobs on top of the 5,000 it had already announced earlier this year. They also announced that they had already reached that 5,000 number, although it was supposed to stretch into the middle of 2010. Once again, though, a company announces layoffs and their stock price went [...]
