Obama faces highest US jobless rate for 14 years

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Obama faces highest US jobless rate for 14 years

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11-07-2008, 10:09 PM

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Obama faces highest US jobless rate for 14 years

Not only does President-elect Barack Obama face a deteriorating economy, a housing collapse and rising foreclosures but a further challenge presents itself after figures today from the US Labor Department revealed that 240,000 jobs were lost in October. The Labor Department said that the jobless rates in the world‘s largest economy increased to a higher [...]

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