Dollar Devaluation A Means To Cope With Debt
Posted: October 10 2009

More signs of deterioration in unemployment indicators, devaluing to deal with debt, Treasury assumptions just too rosy, credit crisis widens the gap between rich and poor and crunches the middle class, state bills pile up, house valuations drop

The number of Americans filing first- time claims for unemployment benefits fell last week to the lowest since January, a sign the labor market is deteriorating more slowly as the economy emerges from the recession.

Applications fell by 33,000 to 521,000, lower than forecast, in the week ended Oct. 3, from a revised 554,000 the week before, Labor Department data showed today in Washington. The total number of people collecting unemployment insurance dropped in the prior week to the least since March.

While the figures indicate improvement, government data last week showed more job cuts than forecast for September and a rising jobless rate. President Barack Obama pledged to “explore any and all additional measuresâ€