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Job losses soar, jobless rate at 14-year high

Job losses soar, jobless rate at 14-year high

Fri, 07 Nov 2008 15:00 UTC

Reuters - Employers cut payrolls by a much steeper-than-expected 240,000 jobs in October as the unemployment rate shot up to its highest in more than 14 years, underscoring the economy's steep slide.

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