1.0link137336<![CDATA[Unemployment Claims Rising Faster Than Expected As Recession Deepens]]>http://www.huffingtonpost.com/2008/10/23/unemployment-claims-risin_n_137336.htmlWASHINGTON — Unemployment claims, already well into recession territory, are rising even faster than expected, leading economists to warn Thursday that the worst is yet to come.
As the Labor Department released bleak new numbers on the job market, Goldman Sachs, Chrysler and Xerox all announced they were cutting workers by the thousands, adding to the woes of an economy beset by tighter credit and wobbly banks.