National Unemployment Falls Below 8 Percent, But Economic Recovery Still Far Off…
By Admin, PBS NewsHour
More than 570,000 people filed initial applications for jobless benefits during the first week of December, the highest one-week filing rate in 26-years, the Labor Department said Thursday.
In the latest gloomy financial news, the U.S. economy shed 240,000 jobs in October, pushing the employment rate up to 6.5 percent. Two analysts examine the labor numbers and what they say about the economy.
Mexican President Felipe Calderon went on a tour of several U.S. cities with large Mexican populations; however, his itinerary did not include Washington, D.C. Jeffrey Kaye reports on Calderon's trip.
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