Tuesday, December 9, 2008

Santa Rally - Came and gone

US Job Losses May Exceed Already Gloomy Forecasts

Despite the promise of a massive federal stimulus program early next year, economists say such a program will do little to halt immediate losses in the job market. An exacerbating factor is the auto industry, which is likely to generate tens of thousands of more job losses in the next couple of months regardless of a Detroit bailout.

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