U.S. Companies “Throw in the Towel” – Pushing Jobless Claims to a 26-Year High
December 12, 2008 at 11:00 AM EST
The number of Americans filing new claims for jobless benefits rocketed to a 26-year high last week, surpassing already gloomy forecasts, as the U.S. economy sinks deeper into recession. Initial applications for jobless benefits climbed by 58,000 to 573,000 in the…