US unemployment rises, housing crisis deepens (AFP)

Construction workers build new homes in the US. US housing starts and building permits tumbled in December to half-century lows amid a deepening housing crisis and recession, government data showed Thursday.(AFP/File/Jeff Haynes)AFP – US unemployment claims hit a 26-year high and housing construction fell to half-century lows, data showed Thursday, highlighting the troubling depths of the recession facing the new Obama administration.

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