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Newspaper
Aiken Standard
Location
Aiken, South Carolina, United States of America
Date
Apr 24, 2009
Page
14
U S Labor Department shows initial unemployment claims at 640,000, above forecasts, with four week average easing slightly to 646,750. Continuous claims hit 6.13 million, a 12th straight weekly record, signaling persistent labor-market weakness despite some declines in new filings.
General Motors will close 13 assembly plants in the United States and Mexico for up to 10 weeks beginning in May to trim inventories amid slumping sales. Production will be cut by 190000 vehicles, affecting many North American facilities and parts operations including Delphi in bankruptcy.
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