Tuesday, December 30, 2008

Jobs go, retail moves to 50% off


The number of Americans filing first-time claims for unemployment insurance rose last week to a 26-year high, indicating employers are stepping up job cuts as the recession deepens, according to reports today.

Meanwhile a trip up and down the main retail outlets have shown shops are now so desperate after a terrible Christmas that they are discounting at 50% off - even major retailers.

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