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November 7, 2008

Economy Sheds 200,000 Jobs
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New government figures set for release today are expected to show the US
economy lost 200,000 jobs last month. Michael Ettlinger of the Center
for American Progress says the US faces daunting economic challenges.

Michael Ettlinger: “The next Treasury Secretary faces quite a challenge.
We have financial markets bouncing all over the place. We have the need
for stimulus to restore confidence among businesses and consumers. We
will, undoubtedly, be down by more than a million jobs by the end of the
year. And then we face long-term growth challenges that have existed for
years.”



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