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Unemployment benefits climb
Posted: 11.06.2008 at 5:52 PM
Read more:  Local, Labor Department, Unemployment, Benefits, Stimulus

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Labor Department says unemployment benefits handed out at quarter-century high

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Americans are drawing unemployment benefits at the highest level in 25 years.

The Labor Department says 122,000 more people are getting benefits, bringing that number to more than 3.8 million in late October.

The high level of claims reflects cost-cutting by companies.

Congressional Democrats are pushing for an extension of unemployment benefits in a new stimulus package.

Benefits typically last 26 weeks.
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