New Jobless Claims Top 500,000

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As organizers and activists around the country gear up for the October 2, 2010 jobs march in D.C. there are startling signs that--absent a major new stimulus package--the economy is headed for a double dip. Last week's new unemployment claims numbers are out and they top 500,000. This prompted Nouriel Roubini, among the few mainstream economists to predict the current collapse, to tweet: "Unemployment claims up to 500K after optimists predicted all year they would fall below 400K. Labor market dismal & double dip risks rising..."