13

Nov

Budget deficit hits record; jobless claims surge

Filed Under (Personal Finance) by admin on 13-11-2008

Professional recruiter John Kasyanenko, right, of Express Employment Professionals gives his business card to a woman seeking a work at a job fair sponsored by Monster.com in New York, Wednesday, Nov. 12, 2008. The number of newly laid-off individuals seeking unemployment benefits has jumped to a seven-year high, the government said Thursday, Nov. 13, 2008. (AP Photo/Kathy Willens)AP - The nation's financial picture grew darker Thursday, a day marked by breathtaking numbers: a quarter-trillion-dollar budget deficit for a single month and projections of up to $1 trillion for a year, a half-million new applications for unemployment benefits and a 900-point swing on Wall Street.

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