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Employment: Into the Teeth of the Recession

Discussion in 'Fundamental Analysis' started by ActionForex.com, Nov 7, 2008.

  1. ActionForex.com

    ActionForex.com Content Contributor

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    Nonfarm employment fell 240,000 with declines in manufacturing, construction, retail & business services and finance. Meanwhile, the unemployment rate rose to 6.5 percent and the median duration of unemployment rose to 10.6 weeks. Aggregate hours declined for the seventh month in a row, thereby reinforcing the recession forecast.

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