Consumers cut spending, job outlook bleak (Reuters)

A shopper looks over merchandise at Macy's department store in New York City, December 23, 2008, the second to last shopping day before Christmas. (Mike Segar/Reuters)Reuters – Consumers cut their spending in November and orders for costly manufactured goods slumped again, while claims for jobless aid last week hit a 26-year high as a year-old recession tightened its grip.

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