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Unemployment Rises, May Spur Rate Cut

Weak jobs data makes Fed action likely

By Kevin Spak, Newser Staff

Posted Jan 4, 2008 9:03 AM CST

(Newser) – The labor market took a hit in December, with the jobless rate hitting a two-year high and payroll increases falling well short of predictions. Nonfarm payrolls rose just 18,000, much less than both November’s 115,000 and the 50,000 prognosticators expected. The... Read full story »

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Unemployment Rises, May Spur Rate Cut

Weak jobs data makes Fed action likely

Federal Reserve • unemployment • US economy • job

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