Job slump latest omen of recession
Job slump latest omen of recession
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Economic contraction probably has already taken hold in some states, including California, analysts say. Hopes that the economy could shake off the sub-prime mortgage mess and dodge recession grew fainter Friday as the Labor Department reported that U.S. employers last month added the smallest number of new jobs in more than four years -- driving the unemployment rate to a two-year high of 5%. |
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News entry number 3730 added on Jan 5, 2008 in the Business News category.
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