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Reload this Page Unemployment Hits 5 Percent on Low Job Creation
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Old 01-04-2008, 03:08 PM
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Default Unemployment Hits 5 Percent on Low Job Creation
Unemployment is now at a two-year high of 5 percent, as the Labor Department's latest jobs report shows that very few jobs were added to the U.S. economy in December. The news, released Friday, will likely raise more fears of a recession. Economists had been expecting a net increase of about 70,000 jobs.

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