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Consumer borrowing drops $14.8B in September
Nov 6 2009 6:38PM CT
WASHINGTON (AP) - Consumers borrowed less for a record eighth straight month in September amid rising unemployment and tight credit conditions. Economists worry the declines in borrowing will drag on the fledgling recovery.
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What recovery? Unemployment shoots past 10 percent
Nov 6 2009 5:39PM CT
WASHINGTON (AP) - Just when it was beginning to look a little better, the economy relapsed Friday with a return to double-digit unemployment for only the second time since World War II and warnings that next year will be even worse than previously thought.
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October sales offer relief to merchants
Nov 5 2009 4:27PM CT
NEW YORK (AP) - October's retail sales results, the best performance since April 2008, show that Americans are spending a little more. But will they be willing to pay full price this holiday season?
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Treasury expects debt limit will be hit in Dec.
Nov 4 2009 8:27AM CT
WASHINGTON (AP) - The Treasury Department now expects to hit the government's debt limit in December, two months later than its initial estimate, after scaling back an emergency loan program as the financial crisis abated.
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First-time jobless claims drop less than expected
Oct 29 2009 9:51AM CT
WASHINGTON (AP) - The number of people claiming jobless benefits for the first time dropped less than expected last week, evidence that the labor market remains weak even as the economy is recovering.
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Metro jobless rates fall as more workers drop out
Oct 28 2009 6:03PM CT
WASHINGTON (AP) - The unemployment rate fell in September in most metro areas for the second straight month, although that's largely because more people gave up on job searches than found new work.
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