Jobless claims rise due to Hurricane Gustav (AP)

rose unexpectedly last week, largely due to Hurricane Gustav, the government said Thursday, adding further strain to the economy.

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Layoffs can worsen the nation's economic woes as newly unemployed workers and those that fear for their jobs cut back on their spending and fall behind on their debts. "The key to consumers' ability to meet their obligations is whether they have a job," Chessen said.

Full Story: Jobless claims rise due to Hurricane Gustav (AP)

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