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Archive for January, 2009

Recession looks to be accelerating

The latest reading on the economy is just one more indication that as the recession has spilled over into the new year, it may be picking up speed.

For economy, January proves cruel

The deep job cuts come as millions of Americans are already looking for jobs, especially in hard-hit fields like construction, the automobile industry and retail. Over the past month, Americans have been inundated with a seemingly daily drumbeat of massive layoff announcements. No sector seems to be safe. The biggest names have been hit.