Economy Feb 06

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Employers Slash 598,000 Jobs in January

U.S. employers shed 598,000 jobs in January, pushing the unemployment rate to 7.6 percent in the latest sign of how the nation's labor market is retracting under the weight of the recession.

Economy Jun 06

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Unemployment Rate Jumps to 5.5% in May

The nation's unemployment rate hit 5.5 percent in May as employers cut 49,000 jobs, providing a fresh snapshot of a still-struggling U.S. economy. Employers have now cut payrolls for five straight months.

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