Number of Unemployed Tops 5 Million By CHRISTOPHER S. RUGABER, AP posted: 22 HOURS 21 MINUTES WASHINGTON (Feb. 26) - As bad as it is already, the economy keeps getting worse — and government figures Thursday provided more evidence that the downward spiral won't end anytime soon. The number of Americans seeking unemployment benefits topped 5 million for the first time since record-keeping began in 1967. And the number of first-time claims hit 667,000, the highest level in more than a quarter-century. Both figures were worse than experts expected. Orders for cars, computers, machinery and other durable goods plunged a larger-than-expected 5.2 percent in January as global economic troubles reduced demand from customers at home and abroad. "We have been looking for signs that the economy's rate of decline might be slowing, but can't find any," said Nigel Gault, chief U.S. economist at the IHS Global Insight consulting firm. (_http://money.aol.com/news/articles/_a/bbdp/number-of-unemployed-tops-5-milli on/359638_ (http://money.aol.com/news/articles/_a/bbdp/number-of-unemployed-tops-5-million/359638) ) This email was cleaned by emailStripper, available for free from _http://www.papercut.biz/emailStripper.htm_ (http://www.papercut.biz/emailStripper.htm) **************Get a jump start on your taxes. Find a tax professional in your neighborhood today. (http://yellowpages.aol.com/search?query=Tax+Return+Preparation+%26+Filing&ncid=emlcntusyelp00000004)
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