Unemployment Falls: Recession Fears Ease After Jobs Report

Payrolls expanded by 117,000 jobs in July as unemployment fell to 9.1 percent, a bit of good news in what has been a dismal series of economic reports this summer. The stock market swung widely on the news -- rising, falling, then rising again. US stocks had been in a tailspin leading up this morning's Labor Department report. They closed down 9 of the last 10 trading days, capped by a 500-point loss on the Dow Jones Industrial Average yesterday. The Dow has fallen 1,300 points since July 21,...Full Story
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