Massive Job Cuts
Jobless-Benefit Highest Since 1982
More Americans are collecting jobless benefits than at any time in the last 26 years as companies rush to cut costs in a sinking economy. The number of people on unemployment benefit rolls rose to 4.09 million in the week ended Nov. 22, the most since December 1982, the Labor Department said today in Washington. A separate report showed orders at U.S. factories tumbled in October by the most in eight years as demand collapsed at home and abroad.
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