Unemployment rate jumps to 5%; payrolls up only 18,000

Story date: 2008-01-04 01:58:00
Added on: 2008-01-05 10:19:08

USA Today - The Fed has cut a key interest rate by a full percentage point to 4.25% since last fall, as rising foreclosures in the high-cost subprime sector of the mortgage market have exploded into a ... noted that payrolls stayed in positive territory only ...


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