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Showing posts with the label Jobless Number

Unemployment rate hits two year high

Washington post reports that U.S. jobless rate in December has hit 5%, which is highest in two years. USA stock market has reacted strongly on the news. Dow Jones Industrial average was down nearly 164 points, or about 1.3 percent, after the first hour of trading; the Nasdaq has fallen more than 61 points, or more than 2.3 percent. The S&P 500 had lost nearly 1.5 percent. Read the Article