11-07-2008, 08:19 PM
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Confirmed User
Join Date: Dec 2004
Location: GFY
Posts: 5,176
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http://www.foxbusiness.com/story/gol...lessness-wwii/
Quote:
The unemployment rate is expected to rise to 8.5% by the end of next year and inch even higher in early 2010, economists for Goldman Sachs wrote Friday. The cumulative trough-to-peak increase of more than 4 percentage points in the jobless rate would be the most since World War II, they said.
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http://www.reuters.com/article/ousiv...49D9GL20081015
Quote:
The U.S. budget deficit hit a record $455 billion in fiscal 2008 as a slowing economy sapped revenues while spending on wars, bank failures and unemployment-related benefits soared, the Treasury Department said on Tuesday.
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