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Jobless rate tops 10 percent for 1st time since '83

WASHINGTON — The unemployment rate has hit double digits for the first time since 1983 — and is likely to go higher.

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    Freddie Mac loses $6.3 billion in 3Q

    WASHINGTON — Freddie Mac's losses narrowed to $6.3 billion in the third quarter, but the government-controlled mortgage finance company didn't need a federal cash infusion.  Published: November 7, 2009 ( 0)

    Borrowing drops $14.8 billion

    WASHINGTON — Consumers borrowed less for a record eighth straight month in September amid rising unemployment and tight credit conditions.  Published: November 7, 2009 ( 0)

    AIG posts 2nd quarterly profit

    NEW YORK — AIG said Friday it was profitable for the second straight quarter as its core insurance operations continue to stabilize after the company's bailout by the government last year.  Published: November 7, 2009 ( 0)

    Stocks surge on jobs data

    NEW YORK — A drop in unemployment claims and an upbeat forecast from Cisco Systems Inc. gave investors a jolt of confidence a day before a key government report on jobs.  Published: November 6, 2009 ( 0)

    Productivity gains may be bad news

    WASHINGTON — Companies across the economy are finding ways to do more with fewer workers, dimming hopes that hiring will take off anytime soon.  Published: November 6, 2009 ( 0)

    October sales offer relief

    NEW YORK — Stores are heading into the period with slashed inventories, determined not to have the fire sales that characterized last Christmas.  Published: November 6, 2009 ( 0)

    Stocks give up gains in last hour; investors get nervous

    NEW YORK — A late-day slump left stocks mixed Wednesday as investors couldn't hold on to their optimism after the Federal Reserve gave an encouraging assessment of the economy.  Published: November 5, 2009 ( 0)

    GMAC Financial narrows losses

    NEW YORK — GMAC, the main lender for GM and Chrysler customers and dealers, reported another quarterly loss Wednesday as bad loans continued to haunt its mortgage lending unit.  Published: November 5, 2009 ( 0)
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