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12/06/2004

JOBS FIGURES SIGN OF WEAK ECONOMY

The latest economic news shows the nation’s “economy is deeply unbalanced and too weak to produce the jobs, especially the good jobs, American workers and their families need,” the AFL-CIO said in a statement. The Bureau of Labor Statistics reported last week that employers added 112,000 new jobs in November—half the expected number. At the same time, new jobless claims rose sharply and the nation’s retailers reported a sluggish start to the holiday shopping season.

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