By and  on November 10, 2008

WASHINGTON — Department store jobs fell sharply in October and unemployment reached its highest level in 14 years, while President-elect Barack Obama urged passage of an economic stimulus package in a press conference on Friday.

Amid falling retail sales, department stores slashed 18,000 jobs to employ 1.476 million, and apparel and accessories stores cut 700 positions to employ 1.493 million, the Labor Department said Friday.

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