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Jobs shock: Mass layoffs at 3-year high

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Politics,Paul Bedard,Washington Secrets
In the latest sign that the long-promised economic recovery may be a mirage, mass layoffs of workers has surged to a three-year high, fed by the devastation of Hurricane Sandy and firms worried about the impact of new government regulations, including Obamacare. According to the U.S. Bureau of Labor Statistics, November saw 1,759 "mass layoff actions" from firms of 50 workers or more. Some...